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Business Data Management, End Term

May 2025 term, 31 Aug 2025, Set QDF3

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Question 1

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What happens to the demand curve when consumer income increases for a normal good?

Select one option

A.
Shifts to the left
B.
Shifts to the right
C.
Remains unchanged
D.
Becomes steeper

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What happens to the demand curve when consumer income increases for a normal good? Which Excel function would you use to find a value in the first column of a table and return a value from a specified column? Which of the following is primarily used as a surrogate indicator?