Given a Supply Curve That Is Positively Sloped and a Demand

question 80

Multiple Choice

Given a supply curve that is positively sloped and a demand curve for a normal good that is negatively sloped, an increase in income will most likely result in:

• A)an increase in equilibrium price and quantity.
• B)a decrease in equilibrium price and an increase in equilibrium quantity.
• C)a decrease in both equilibrium price and quantity.
• D)an increase in equilibrium price and a decrease in equilibrium quantity.

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Definitions:

Retentive

In the context of programmable logic controllers, refers to memory or functions that retain their value or state even after the PLC is turned off or loses power.

Loss Of Power

Loss of power refers to the interruption or cessation of electrical supply to a system, device, or facility, affecting its operation and functionality.

TOF

Time-Of-Flight, a method used to determine the distance to an object or surface by measuring the time it takes for a signal to travel to the object and back.

Rung False

A condition in ladder logic programming indicating that the logic statement or condition on a specific ladder rung does not yield a true (or active) output.