Examlex

Solved

If an Increase in Consumer Incomes Causes the Demand Curve

question 67

Multiple Choice

If an increase in consumer incomes causes the demand curve for product Z to shift to the left, then it can be said that product Z is a(n) :


Definitions:

Inconsistency

The quality of being inconsistent; not staying the same throughout.

Belief

An acceptance that something exists or is true, especially without proof, or the mental acceptance of and conviction in the truth, actuality, or validity of something.

Hindrance

An obstacle or barrier that prevents progress or makes it difficult to achieve a desider goal.

Stressor

Any event, situation, or stimulus that causes stress or strain, challenging an individual's ability to cope.

Related Questions