If income levels of consumers within a given economy increase, what would happen to the demand curve for cell phones, a normal good, and the demand curve for instant noodles, an inferior good?(1 point) Responses The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would remain unchanged. The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would remain unchanged. The demand curve for cell phones would shift to the left, and the demand curve for instant noodles would shift to the right. The demand curve for cell phones would shift to the left, and the demand curve for instant noodles would shift to the right. The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would shift to the left. The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would shift to the left. The demand curves would both shift to the right.

Answer 1

The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would remain unchanged. This is because cell phones are considered a normal good, so as income levels increase, consumers are likely to purchase more cell phones. On the other hand, instant noodles are considered an inferior good, so as income levels increase, consumers may switch to higher quality or more expensive food options and decrease their consumption of instant noodles.