If Buyers' Incomes Increase,the Demand Curve Will Shift to the ________

question 167

Multiple Choice

If buyers' incomes increase,the demand curve will shift to the ________ and the price will ________.

• A)right;rise
• B)left;fall
• C)right;fall
• D)left;rise

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Definitions:

Dominate Industry

To hold a commanding or leading position in a particular market or sector.

Independently Owned

Independently owned describes a business or enterprise that is owned by an individual or a private group, not part of a larger corporation or conglomerate.

Succession Plan

A strategy for identifying and developing future leaders within an organization, to ensure continuity in key positions.

Chain Restaurants

Restaurants that are part of a series or network, offering a similar dining experience across multiple locations.