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

question 142

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. An increase in income,if X is a normal good,will:

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

---

Definitions:

Project Sponsor

An individual or group that provides financial resources for a project and supports its initiation, planning, and execution.

Day-to-day Operations

Routine activities and tasks that are conducted on a regular basis to ensure the smooth functioning of an organization or project.

Commodity Items

Basic goods that are interchangeable with other goods of the same type and useful in commerce or trade.

Technology Newness

The degree to which technology is novel or untested, which can impact a project's risk profile and the need for specialized expertise.