If Pizza Is a Normal Good,then an Increase in People's

question 17

Multiple Choice

If pizza is a normal good,then an increase in people's incomes shifts the ________ curve ________.

• A) demand; rightward
• B) demand; leftward
• C) supply; rightward
• D) supply; leftward

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Definitions:

Disqualified Income

Types of income that cannot be considered or used for certain applications or benefits, as defined by specific rules or guidelines.

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits.

American Opportunity Tax Credit

A credit for qualified education expenses paid for an eligible student for the first four years of higher education, with the potential to receive a partial refund if the credit is more than the taxpayer owes.

Lifetime Learning Credit

A tax credit available in the United States for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution, aiming to promote post-secondary education.