Which of the Following Statements Is False

question 153

Multiple Choice

Which of the following statements is false?

• A) An upward-sloping supply curve graphically represents the law of supply.
• B) A vertical supply curve graphically represents the law of supply.
• C) If income rises and good X is a normal good,then the demand for good X will rise.
• D) If income falls and good Y is an inferior good,then the demand for good Y will rise.

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Definitions:

Philanthropic Agencies

Organizations that donate funds, resources, or services to causes aimed at improving public welfare or addressing social issues.

Poverty

A condition where individuals or communities lack financial resources and essentials for a minimum standard of living.

Crime

Acts in violation of the legal codes which govern society, ranging from minor offenses to serious felonies, impacting individuals and communities.

Violence

The use of physical force so as to injure, abuse, damage, or destroy.