If X Is a Normal Good, a Rise in Consumer

question 170

Multiple Choice

If X is a normal good, a rise in consumer income will shift the:

• A) demand curve for X to the right.
• B) demand curve for X to the left.
• C) supply curve for X to the right.
• D) supply curve for X to the left.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, distributed from the company's profits.

Investment

The allocation of resources, usually financial, in expectation of a future return.

IFRS

stands for International Financial Reporting Standards, which are a set of accounting standards developed by the IASB that aim to bring consistency to accounting language, practices, and statements globally.

Consolidated Statement

Financial statements that reflect the combined operations, assets, and liabilities of a parent company and its subsidiaries.