Which of the Following Statements Represents a Correct and Sequentially

question 151

Multiple Choice

Which of the following statements represents a correct and sequentially accurate economic explanation?

• A) X is an inferior good and Y is a substitute for X. Income rises, the demand for X falls, the price of X falls, and the demand for Y rises.
• B) X is an inferior good and Y is a substitute for X. Income rises, the demand for X falls, the price of X falls, and the demand for Y falls.
• C) X is an inferior good and Y is a substitute for X. Income falls, the demand for X rises, the price of X rises, and the demand for Y falls.
• D) X is an inferior good and Y is a substitute for X. Income rises, the quantity demanded of X rises, the price of X rises, and the demand for Y falls.
• E) none of the above

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Definitions:

Overcome Resistance

Strategies or actions taken to reduce opposition or reluctance among individuals or groups.

Testimonial

A formal statement testifying to someone's character and qualifications or the benefits and performance of a product or service.

Job Offers

Formal propositions provided by employers to potential employees outlining terms of employment.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.