CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

For inferior goods, a rise in income would result in a(n) ______ and ______ shift in the entire demand curve.
A. downward; leftward
B. upward; rightward
C. downward; rightward
Explanation: For normal goods, however, a rise in income would shift the entire demand curve upward and to the right.

User Contributed Comments 1

User Comment
kingirm shoudnt be upward left ?? demand curve should be going backwards towards y axis.
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