A Change in Consumers' Income Levels

question 1

Multiple Choice

A change in consumers' income levels:

• A)changes demand.
• B)changes supply.
• C)changes price.
• D)creates cross-price elasticity.

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Definitions:

Money Order

A certificate of guaranteed payment, which may be purchased from a bank, a post office, or some convenience stores.

Daily Log

A record kept every day, detailing activities, observations, or the progress of a project or health condition.

Ledger Card

A card or digital record used in accounting to record transactions affecting a particular account.

Electronic Banking

The use of computer and network technology to conduct banking transactions and services.