If Consumer Incomes Go Up and Harley Davidson Motorcycles Are

question 391

Multiple Choice

If consumer incomes go up and Harley Davidson motorcycles are a normal good, the effect on the demand for motorcycles, ceteris paribus, will be a(n) :

• A) upward movement along the demand curve for motorcycles.
• B) downward movement along the demand curve for motorcycles.
• C) rightward shift in the demand curve for motorcycles.
• D) leftward shift in the demand curve for motorcycles.

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Definitions:

Issuer

An entity that develops, registers, and sells securities to finance its operations.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify transactions.

Primarily Liable

Liable for paying the amount designated on an instrument when it is presented for payment.

Defaults

A failure to fulfill an obligation, especially to repay a loan on time.