A Change in the Price of a Good Always Results

question 50

Multiple Choice

A change in the price of a good always results from a change in:

• A) income.
• B) tastes.
• C) quantity demanded.
• D) both income and tastes.

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Definitions:

Positive Consequence

A beneficial result or effect of an action or decision, often used to encourage desirable behaviors.

Promotion

The act of raising someone to a higher position or rank or the increasing of something's importance or value.

Transfer

The process of moving knowledge, skills, or behaviors from one context to another, enhancing learning or performance.

Criticism

The expression of disapproval or judgement based on perceived faults or mistakes.