Suppose the Demand for Good X Shifts In

question 97

Multiple Choice

Suppose the demand for good X shifts in. Which of the following statements is (are) possibly TRUE?
I. The price of good X increased.
II. The price of a substitute good decreased.
III. The price of a complement good increased.

• A) I, II, and III
• B) II and III
• C) I
• D) II

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Definitions:

Mechanical Braking Efficiencies

The effectiveness of a braking system in converting mechanical energy into heat to slow down or stop a vehicle.

S-cam Actuated Brakes

A type of drum brake that is activated by a rotating S-shaped cam to push brake shoes against a rotating drum.

Spring Brake Priority System

A braking system that utilizes spring force for activation, often as a fail-safe or parking brake mechanism.

Hold-off Chambers

Enclosures within a hydraulic system designed to temporarily contain fluid under pressure, used to modulate system response or delay actuation.