Which One of the Following Choices Would Cause the Demand

question 243

Multiple Choice

Which one of the following choices would cause the demand curve for an inferior good to shift to the left?

• A) a fall in incomes
• B) a fall in the price of the inferior good
• C) a rise in incomes
• D) a rise in the price of the inferior good

Identify government failure and its causes.

Understand the impact of public choice on government policy and economic efficiency.

Recognize the strategies used by governments to mitigate issues stemming from voter preferences for benefits and deferred costs.

Identify examples of regulatory capture and its implications for economic policy.

---

Definitions:

Authority Relationships

The dynamics between individuals where one has the right to direct or influence the behavior of another.

Franchise

A business model that allows individuals or entities to operate a branch of an established company with certain conditions and support.

Division

A distinct part of an organization or company that operates semi-independently, usually specializing in a particular product or market sector.

Geographic Area

Refers to a specific portion of the Earth's surface, distinguished by natural, cultural, or administrative boundaries.