Walkman Watch Expects a Recession to Occur

question 35

Multiple Choice

Walkman Watch expects a recession to occur. Knowing that a Walkman is a normal good, you predict that the demand for a Walkman

• A) might increase or decrease.
• B) will increase.
• C) will remain unchanged.
• D) will decrease.

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Definitions:

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty.

Nonperformance

The failure to act or perform a task or duty that is required by contract, obligation, or law.

Contractual Promise

A binding pledge or agreement between parties that is enforceable by law.

Unauthorized Alteration

A change made to a document, instrument, or agreement without the consent or knowledge of all parties involved, which can affect its validity or legality.