Assuming That Hamburger Is an Inferior Good, an Increase in Consumer

question 106

Multiple Choice

Assuming that hamburger is an inferior good, an increase in consumer income, other things being equal, will cause a(n) :

• A) upward movement along the demand curve for hamburger.
• B) rightward shift in the demand curve for hamburger.
• C) downward movement along the demand curve for hamburger.
• D) leftward shift in the demand curve for hamburger.

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Definitions:

Undisclosed Principal

A person who directs another to deal with a third party without revealing their identity.

Durable Power

A legal document that grants someone the authority to act on another's behalf in legal and financial matters, which continues to be effective even if the grantor becomes incapacitated.

Power of Attorney

A legal document authorizing one person to act on behalf of another in legal, financial, or personal affairs.

Scope of Employment

The range of activities or duties that an employee is expected to perform as part of their job.