Which of the Following Must Be True If Good X

question 19

Multiple Choice

Which of the following must be true if good X is a normal good and income increases?

• A) The demand for X will increase, and thus the price and quantity sold and bought will
• Decrease.
• B) The demand for X will decrease, and thus the price and quantity sold and bought will decrease.
• C) The demand for X will increase, and thus the price and quantity sold and bought may increase.
• D) The demand for X will decrease, and thus the price and quantity sold and bought will increase.

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Definitions:

Intermediaries

Businesses or individuals that act as a link in the distribution process between producers and consumers, such as wholesalers or retailers.

Functions

Specific activities or tasks performed by individuals, systems, or machines within an organization to achieve certain objectives.

Reverse Logistics

The process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal, including returns management and recycling.

Hewlett-Packard

An American multinational information technology company known for its wide range of hardware components as well as software and related services.