If Good a Is a Normal Good and Income Increases

question 290

Multiple Choice

If good A is a normal good and income increases, the equilibrium price of A ________ and the equilibrium quantity of A ________.

• A) rises; increases
• B) rises; decreases
• C) falls; decreases
• D) falls; increases

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Definitions:

Communication Metrics

Quantitative measures used to assess the effectiveness and impact of communication strategies and campaigns.

Social Responsibility

A company's obligation to act in ways that benefit society and the environment, beyond its financial interests.

Employee Insights

Valuable understandings or findings derived from analyzing employee feedback, behaviors, and data, aimed at improving workplace environment, productivity, and satisfaction.

Shareholder Demands

Expectations or requirements of a company's stockholders, typically regarding financial performance and corporate governance.