With a Given Upward-Sloping Supply Curve for Restaurant Meals (A

question 29

Multiple Choice

With a given upward-sloping supply curve for restaurant meals (a normal good) ,a rise in household income will cause the

• A)equilibrium price and equilibrium quantity to both increase.
• B)equilibrium price to increase and equilibrium quantity to decrease.
• C)equilibrium price and equilibrium quantity to both decrease.
• D)equilibrium price to decrease and equilibrium quantity to increase.
• E)equilibrium price to increase and equilibrium quantity to remain constant.

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Definitions:

Methylphenidate

A stimulant medication commonly prescribed for attention deficit hyperactivity disorder (ADHD) and narcolepsy, known to improve attention and focus.

Non-Hispanic White

A demographic category in the United States Census that refers to people who identify as white and are not of Hispanic or Latino origin.

Recreational Drug

Substances taken for pleasure rather than for medical reasons, often associated with higher risk of addiction and legal issues.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties in social interaction and communication, along with restricted or repetitive patterns of behavior or interests.