A Change in the Distribution of Income Which Leaves Total

question 44

Multiple Choice

A change in the distribution of income which leaves total income constant will not shift the market demand curve for a product if

• A)everyone has an income elasticity of demand of zero for the product.
• B)everyone has the same income elasticity of demand for the product.
• C)individuals have differing income elasticities for the product,but the average income elasticity for income gainers is equal to the average income elasticity for income losers.
• D)any of the above conditions occur.

---

Definitions:

Self-Actualizing

The process of realizing and fulfilling one's own potential and abilities, often considered the highest level of psychological development.

Authentic

Refers to the quality of being genuine or true to one's own personality, spirit, or character, often considered a critical component in psychological health and well-being.

Spontaneous

Occurring without apparent external cause or intervention.

Full Growth Potential

The maximum physical and psychological development an individual is capable of reaching, given optimal conditions.