Assume the Demand Curve for Product X Shifts to the Right.This

question 8

Multiple Choice

Assume the demand curve for product X shifts to the right.This might be caused by:

• A)a decline in income if X is an inferior good.
• B)a decline in the price of Z if X and Z are substitute goods.
• C)a change in consumer tastes which is unfavourable to X.
• D)an increase in the price of Y if X and Y are complementary goods.

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Definitions:

Civil Rights Movement

A historic struggle for equality and the end of racial segregation and discrimination against African Americans, primarily taking place in the 1950s and 1960s in the United States.

Black Nationalism

A political and social movement advocating for the empowerment, self-determination, and unity of black people, often in response to racism and discrimination.

Marcus Garvey

A Jamaican political leader, publisher, journalist, entrepreneur, and orator who was a staunch proponent of the Black nationalism and Pan-Africanism movements, aiming to empower people of African descent.

Homophily

The tendency of individuals to associate and bond with others who are similar to themselves in characteristics such as beliefs, values, and social background.