A Shift in the Demand Curve for Sailboats Resulting from an Increase

question 39

Multiple Choice

A shift in the demand curve for sailboats resulting from an increase in incomes will lead to

• A)higher prices of sailboats.
• B)lower prices of sailboats.
• C)a corresponding shift in the supply curve for sailboats.
• D)lower output of sailboats.
• E)no change in the price of sailboats.

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Definitions:

Goal

An objective or desired result that an individual or organization aims to achieve, often driving motivation and effort.

Need

A state of biological or social deficiency.

Pencil Chewing

A common habit where individuals bite or chew on pencils, often related to stress, concentration, or habit.

Habit

A regular practice or routine that is performed automatically without conscious thought.