If Income Decreases or the Price of a Complement Rises

question 124

Multiple Choice

If income decreases or the price of a complement rises

• A) the demand curve for a normal good shifts leftward.
• B) the demand curve for a normal good shifts rightward.
• C) there is an upward movement along the demand curve for the good.
• D) there is a downward movement along the demand curve for the good.

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Definitions:

Jurisdiction

The power of a court to hear and decide a case.

Prerogative

A special right or privilege exclusive to a particular individual or class.

Venue

The geographical location or court where a case is heard, often chosen based on where the parties live or where an event occurred.

Assignment

A transfer of property or some right or interest.