In the Following Question You Are Asked to Determine,other Things

question 5

Multiple Choice

In the following question you are asked to determine,other things equal,the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for,or supply (S) of,X; (2) the equilibrium price (P) of X;and (3) the equilibrium quantity (Q) of X. Refer to the given information.If X is an inferior good,a decrease in income will:

• A) decrease D,decrease P,and decrease Q.
• B) decrease D,decrease P,and increase Q.
• C) increase S,decrease P,and increase Q.
• D) increase D,increase P,and increase Q.

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Definitions:

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A metric used to price advertising, measuring the cost to reach a thousand viewers or impressions in a given medium.

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