Which of the Following Is True

question 269

Multiple Choice

Which of the following is true?

• A) For an inferior good, when income increases, the demand curve shifts leftward.
• B) If the price of a substitute rises, the demand curve shifts leftward.
• C) If people expect the price of a good will rise in the future, the demand curve shifts leftward.
• D) An increase in population shifts the demand curve leftward.
• E) An increase in the cost of producing a good shifts the demand curve leftward.

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Definitions:

Pollution Emission

The release of pollutants into the environment, typically from industrial processes or vehicles.

Pollution Reduction

The process of decreasing the amount of pollutants that are released into the environment.

Total Cost

The complete cost of production, including both fixed and variable costs, incurred by a business in the production of goods or services.

Pollution Permits

Legal authorizations allowing entities to emit a specific amount of pollutants into the environment, used to regulate and reduce overall pollution levels.