Figure 9-3 Suppose That British Incomes Rise Relative to Incomes

question 179

Multiple Choice

Figure 9-3 Suppose that British incomes rise relative to incomes in the United States. Then, in Figure 9-3

• A) the demand curve will shift from D₁ to D₂
• B) the demand curve will shift from D₂ to D₁
• C) the supply curve will shift from S₁ to S₂
• D) the supply curve will shift from S₂ to S₁
• E) neither the demand for nor the supply curve will shift

---

Definitions:

Wealthy Colonists

Individuals in colonial times who had amassed significant wealth, often through landownership, trading, or other economic activities.

Hardworking Colonists

Early settlers in America who worked diligently to establish new lives, communities, and economies.

Horrible Circumstances

Situations or conditions that are extremely unpleasant, distressing, or difficult to endure.

Dual Identity

The condition of identifying with two distinct cultural or national identities simultaneously.