If an Increase in Income Leads to an Increase in the Demand

question 180

Multiple Choice

If an increase in income leads to an increase in the demand curve for sailboats, this will lead to

• A)higher prices of sailboats.
• B)lower prices of sailboats.
• C)a corresponding shift in the supply curve for sailboats.
• D)reduced output of sailboats.
• E)no change in the price of sailboats.

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Definitions:

Base of Support

The area beneath an object or person that includes every point of contact that the object or person makes with the supporting surface.

Centre of Gravity

The point in a body or system where the weight is evenly distributed and about which the body is balanced.

Balance

The ability to maintain the body's center of mass over its base of support, crucial for standing and moving efficiently and avoiding falls.

Ligament Tear

A ligament tear refers to damage to a ligament, the fibrous connective tissue that connects bones to other bones, often caused by twisting or a sudden impact.