If a Is an Inferior Good and Consumer Income Rises

question 80

Multiple Choice

If A is an inferior good and consumer income rises, the demand for A

• A)decreases and the equilibrium price falls, but the equilibrium quantity increases.
• B)increases and the equilibrium price rises, but the equilibrium quantity decreases.
• C)decreases, and the equilibrium price and the equilibrium quantity decrease.
• D)decreases, the equilibrium price rises, and the equilibrium quantity decreases.
• E)increases, and the equilibrium price and the equilibrium quantity increase.

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Definitions:

2-Electron Bonding

A type of chemical bond involving the sharing of two electrons between atoms, commonly known as a covalent bond.

Ionic Bonding

Ionic bonding is the chemical bond formed through the electrical force between oppositely charged ions, typically between metals and nonmetals.

Lewis Structure

A Lewis structure is a diagrammatic representation of the arrangement of valence electrons around atoms in molecules, indicating the bonding between atoms as well as the lone pairs of electrons.

Ethyne

A colorless gas with a sharp, distinct odor; the simplest alkyne, it is a hydrocarbon with the formula C2H2.