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)

Question

Responses

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 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 curves would both shift to the right.
The demand curves would both 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.

Answer 1

When income levels of consumers increase, the demand for normal goods typically increases, resulting in a rightward shift of the demand curve for those goods. Conversely, the demand for inferior goods usually decreases when consumer income rises, which leads to a leftward shift in their demand curve.

In this case:

• The demand curve for cell phones, which is a normal good, would shift to the right.
• The demand curve for instant noodles, which is an inferior good, would shift to the left.

Therefore, the correct response is: "The demand curve for cell phones would shift to the right, and the demand curve for instant noodles would shift to the left."