Assuming That Automobiles Are Normal Goods, a Rise in Consumer

question 82

Multiple Choice

Assuming that automobiles are normal goods, a rise in consumer income, other things being equal, will cause:

• A) the demand curve for automobiles to shift to the left.
• B) the demand curve for automobiles to shift to the right.
• C) a downward movement along the demand curve for automobiles.
• D) an upward movement along the demand curve for automobiles.

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Definitions:

Object Permanence

The conviction that an object exists even when it is out of sight. Piaget believed infants didn’t develop this level of understanding until the age of at least eight months.

Egocentrism

The inability to differentiate between one’s own perspective and someone else's perspective, often seen in early developmental stages.

Preoperational

A stage in Piaget's theory of cognitive development where children aged 2 to 7 years think symbolically but are not yet able to perform operations or reason logically.

Grasping Reflex

An involuntary movement response in infants, where they firmly grasp objects placed in their palms.