If Buyers' Incomes Increase, the Demand Curve Will Shift to the ______

question 31

Multiple Choice

If buyers' incomes increase, the demand curve will shift to the ______ and the price will ______.

• A) right; fall
• B) left; fall
• C) right; rise
• D) left; rise

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Definitions:

Amsterdam

The capital city of the Netherlands, known for its historic canals, rich artistic heritage, and liberal cultural atmosphere.

Guilds

Medieval associations of craftsmen or merchants, often having considerable power.

Impressment

The act of forcibly taking men into military or naval service without notice, historically practiced by British naval forces.

Draft Lotteries

The system of selecting individuals for compulsory military service through a random drawing, notably used during the Vietnam War in the United States.