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:

Minkoff and Paltrow

Likely refers to individuals prominent in their field who may have collaborated on research or publications, requiring more context for a specific definition.

Extensive Rights

Broad and far-reaching entitlements acknowledged by legal or societal norms.

Unborn

Referring to an organism, especially a human, that has not yet been born or has not yet emerged from the womb.

Universal Standard

A principle or criterion that is accepted and applied globally, across all cultures and situations.