ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a normal good
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an inferior good
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a substitute good
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a complement to video cameras
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Detailed explanation-1: -The demand (DD) for digital cameras rises for an increase in the income of consumers. A normal good: In the case of a normal good, the increase in the income of the consumers increases the DD for the good. The DD curve of that normal good will shift rightward.
Detailed explanation-2: -The income effect identifies the change in consumers’ demand for goods and services based on their incomes. In general, as one’s income rises, they will begin to demand more goods. Similarly, A decrease in income results in lower demand.
Detailed explanation-3: -A decrease in the price of cameras
Detailed explanation-4: -Resolution in Megapixels. The number of pixels determines the maximum size of the resulting image and its sharpness, especially when printed. User Interface. Optical and Electronics Quality. Optical vs. Storage Media. Data Transfer. Battery Duration. Interchangeable Lenses. More items