Given a Supply Curve That Is Positively Sloped and a Demand

question 58

Multiple Choice

Given a supply curve that is positively sloped and a demand curve for a normal good that is negatively sloped, an increase in income will most likely result in:

• A) an increase in price and quantity.
• B) a decrease in price and an increase in quantity.
• C) a decrease in both price and quantity.
• D) an increase in price and a decrease in quantity.

---

Definitions:

Pick-Pocketing

The act of stealthily stealing wallets or other valuables from the pockets or bags of others.

Wealthy

Having a large amount of money, resources, or assets; often associated with affluence and a high standard of living.

Effective Social Control

The ability of a society or group to regulate individuals' behavior in a way that promotes order and discourages deviance.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, illegal in many countries.