A Change in Income Will

question 41

Multiple Choice

A change in income will

• A)affect the demand for candy through the income effect of a price change
• B)affect the quantity demanded of candy through the income effect of a price change
• C)shift the demand curve for candy
• D)have no effect on the demand for candy, because income is assumed constant along a demand curve
• E)affect quantity demanded only if candy is a normal good

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Definitions:

Establish Responsibilities

The process of defining and assigning tasks and authorities to specific positions or employees within an organization.