Demand

Question 1

Normal goods

Answer 1

Demand more of income rises (shift to the right)

Question 2

Inferior goods

Answer 2

People demand less if their real income increases (shift to the left)

Question 3

An equal distribution of income..

Answer 3

May cause the demand for luxury goods to shift to the left.
And the demand curve for other items to shift to the right.
(Less rich to buy luxury items, more people to afford everyday items)

Question 4

The introduction of a new good into the market..

Answer 4

Cause the demand curve to shift to the left for goods that are substitutes for the new product and to the right for those goods that are complementary to it

Question 5

Derived demand

Answer 5

Demand for a good or factor of production used in making another good or service.

Question 6

Composite demand

Answer 6

Goods with more than one use