Which of the Following Statements About a Demand Curve Is

question 205

Multiple Choice

Which of the following statements about a demand curve is true?

• A) The demand curve for a good will not shift when the money income of consumers increases.
• B) If price increases, the demand curve will shift to the right.
• C) The demand curve for a good will not shift when price changes.
• D) If a supply curve shifts, thereby changing price, the demand curve will shift as well.
• E) If a demand curve shifts, the supply curve will shift as well irrespective of whether price changes.

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Definitions:

Logrolling

The practice of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.

Vote Trading

The practice of exchanging votes among legislators to achieve a desired outcome on specific bills or policies.

Legislators

Individuals who are members of a legislative body, responsible for discussing and enacting laws in a particular jurisdiction.

Pork-barrel Spending

Government spending allocated through legislation that specifically benefits a small group or locality, often viewed as a way to gain political support.