Question #59328
Jon's income-consumption curve is a straight line from the origin with a positive slope. Now suppose that Jon's preferences change such that his income-consumption curve remains a straight line but rotates 15 degrees clockwise. Jon's demand curve for the good on the horizontal axis

a. will shift left.
b. will shift right.
c. will not change.
d. might do any of the above.
1
Expert's answer
2016-04-25T06:43:05-0400
If Jon's preferences change such that his income-consumption curve remains a straight line but rotates 15 degrees clockwise. Jon's demand curve for the good on the horizontal axis will increase and shift to the right.
So, the right answer is b. will shift right.

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