-In the Above Figure, If D₂ Is the Original Demand

question 298

Multiple Choice

-In the above figure, if D₂ is the original demand curve for a normal good and income decreases, which price and quantity might result?

• A) point a, with price P₂ and quantity Q₂
• B) point b, with price P₁ and quantity Q₁
• C) point c, with price P₃ and quantity Q₃
• D) point d, with price P₁ and quantity Q₃

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Definitions:

Sponge

Simple aquatic animals with porous bodies through which water can circulate, belonging to the phylum Porifera.

Blastopore

The opening that develops during early embryonic development, leading to the formation of the digestive tract in animals.

Deuterostomes

Deuterostomes are a major group in the animal kingdom characterized by the development of the anus from the first opening in the embryo, with humans and other vertebrates being examples.

Protostomes

A clade of animals characterized by embryonic development in which the mouth forms before the anus during early embryogenesis.