If the Consumer's Income Level Increases Leading to a Decrease

question 19

Multiple Choice

If the consumer's income level increases leading to a decrease in the demand for bread, _____.

• A) the demand curve for bread will shift to the right
• B) the equilibrium quantity of bread will increase
• C) the equilibrium price of bread will decrease
• D) the supply curve for bread will shift to the left

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Definitions:

Agreeableness

A personality trait characterized by being cooperative, friendly, and compassionate towards others.

Big Five Traits

A model outlining five broad dimensions that describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Compete

To strive against others for the purpose of achieving a goal, winning a contest, or obtaining superiority.

Press

The news media and agencies that gather, report, and distribute information to the public.