Which of the Following Is TRUE

question 275

Multiple Choice

Which of the following is TRUE?

• A) For an inferior good, when income increases, the demand curve shifts leftward.
• B) The demand curve for a good shifts leftward when the price of a substitute rises.
• C) If consumers expect the price of a good will rise in the future, the demand curve shifts leftward.
• D) An increase in population shifts the demand curve for most goods leftward.

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Definitions:

Member-Nations

Countries that are part of an international organization or coalition, agreeing to adhere to its rules and participate in its activities.

Douglas MacArthur

An American five-star general and Field Marshal of the Philippine Army who was Chief of Staff of the United States Army during the 1930s and played a prominent role in the Pacific theater during World War II.

Harry S. Truman

The 33rd president of the United States (1945–1953) known for his leadership during the final stages of World War II and the early years of the Cold War.

Voiced Sympathy

Expressing feelings of pity and sorrow for someone else's misfortune.