When Income Increases, the Demand Curve for X Shifts Rightward

question 168

Multiple Choice

When income increases, the demand curve for X shifts rightward and the demand curve for Y shifts leftward. These shifts mean that

• A) X and Y are complements.
• B) X and Y both normal goods.
• C) X is an inferior good and Y is a normal good.
• D) X is a normal good and Y is an inferior good.

---

Definitions:

House Account

A term used in sales and customer service referring to accounts that are directly managed by the company, often requiring special attention or services.

Commission

A form of payment to an employee or agent, usually a percentage of the sales they have generated or completed deals.

Primary Influences

The main factors or individuals that affect the decisions and behavior of a person or within a specific context such as purchasing decisions.

Ethical Decision-Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.