The Product Is a Normal Product

question 47

Multiple Choice

The product is a normal product.

-Refer to the graph above to answer this question.All of the following except one could have caused the shift from D1 to D2.Which is the exception?

• A)An increase in income.
• B)An increase in the price of a substitute good.
• C)An increase in the price of a complement good.
• D)Growth in the size of the market.

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Definitions:

Liberia

A country on the West African coast, founded in the 19th century by freed American and Caribbean slaves as a colony for African-American resettlement.

Black Shipbuilder

Refers to an African American or an individual of African descent who is skilled in designing, constructing, and repairing ships.

Freetown

The capital city of Sierra Leone, founded as a home for repatriated African Americans and rescued slaves in the late 18th century.

Colonization

The process by which a country takes control of land and establishes its government, often resulting in the exploitation and displacement of indigenous populations.