Question

Consumers will likely purchase more of normal good as their income falls.

A. True
B. False

Answer 1

B. False

Step-by-step explanation:

As we know that in the case of the normal goods, there is a positive relationship between the consumer income and the quantity demanded

If the income falls, the quantity demanded also falls and if the income rises, the quantity demanded rises

Therefore in the given case, since the income falls, so the consumers do not purchased more as the quantity falls

So, the given statement is false