--%>

Increase in demand for Normal Goods

Zelda’s purchases of bigger and more cubic zirconium rings since she got a big pay raise are an illustration of a/an: (i) Raise in demand. (ii) Raise in quantity demanded. (iii) Raise in supply. (iv) Deterioration of the tastes.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Law of demand Describe the law of

    Describe the law of demand with help of a schedule diagram? Answer: The Law of demand states that there is an inverse relationship among the price of a commodity an

  • Q : Buying something when expect a price to

    Buying since you expect a price to increase, at that point you will sell, which is termed as: (w) arbitration. (x) speculation. (y) profiteering. (z) arbitrage. Hey friends please give your opinion for the problem

  • Q : Constant cost industries In

    In constant-cost, the purely competitive industries: (w) total cost is constant at every output. (x) marginal cost is constant at each output. (y) number of firms is constant at every output. (z) long-run supply price is uninfluenced by output. <

  • Q : Which of the curves have constant price

    Which of the given curves have constant price elasticities: (1) A vertical demand curve [when one ever exists]. (2) A horizontal curve which is a demand curve which is identical with a horizontal supply curve. (3) A demand curve which is a rectangular

  • Q : Company Unions-tools for managers Can

    Can someone please help me in finding out the accurate answer from the following question. Unions which act primarily as the tools for managers of a firm are termed as: (1) Managerial unions. (2) Company unions. (3) Wildcat unions. (4) Union-busters.

  • Q : Operating analytic Time of

    When this purely-competitive firm makes output level Q, this is operating within the: (i) technological long run. (ii) long run. (iii) short run. (iv) shut down period. (v) boom period of the business cycle.

  • Q : Labor unions-Competitive Markets Can

    Can someone please help me in finding out the accurate answer from the following question. The purely competitive labor markets are not characterized through: (1) Most of the individual buyers and sellers of the labor services. (2) Wages equivalent to the marginal res

  • Q : Characteristic of pure competition A

    A purely competitive firm: (w) is a price taker. (x) is a price maker. (y) is a large part of the industry. (z) sells a differentiated product. Hello guys I want your advice. Please recommend some views for above <

  • Q : Problem of Moral Hazard by an individual

    The problem of moral hazard is finest explained by the behavior of an individual who: (1) Dates two distinct people on the sly. (2) Doesn’t lock up her car since theft is covered by the insurance. (3) Steals to support the serious drug habit. (4) Understates the

  • Q : Imperfect competition-Firms having

    As MRP < VMP in imperfect competition whenever firms encompass market power as sellers then: (1) MPPL = VMP. (2) The price of output surpasses MFC. (3) Monopolistic exploitation becomes essential to get profit. (4) Imperfect competition can’t reach the equili