Good X Is a Normal Good

question 45

Multiple Choice

Good X is a normal good.If the average income of those who buy good X rises,the _____________ curve for good X will shift ____________ resulting in a(n) _____________ in the equilibrium price of X and a(n) ____________ in the equilibrium quantity of X.

• A) supply; rightward; decrease; increase.
• B) demand; leftward; decrease; decrease
• C) demand; rightward; increase; increase
• D) supply; leftward; increase; decrease
• E) supply; leftward; increase; increase

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Definitions:

Ping Ponging

The process in which legislative bills are sent back and forth between the two houses of a legislature for approval or amendment.

Divided Congress

A situation in which one party controls the U.S. House of Representatives and another party controls the U.S. Senate.

Conference Committees

are temporary committees formed to reconcile differences between the House and Senate versions of a bill before it is sent to the president for approval.

Legislation Compromise

Legislation compromise refers to the process of finding a middle ground in legislative negotiations, where conflicting parties come to a mutual agreement to pass a bill.