An Increase in Consumer Income Would Lead to Which of the Following

question 89

Multiple Choice

An increase in consumer income would lead to which of the following for a normal good?
I.a movement along the demand curve
II.an outward shift in the demand curve
III.an increase in supply

• A)I only
• B)II only
• C)III only
• D)Both II and III

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Definitions:

Pizza Hut

A global franchise and American restaurant chain known for its Italian-American cuisine, including pizza and pasta, as well as side dishes and desserts.

Domino's

An international fast-food pizza delivery corporation known for its quick service and innovative ordering methods.

Better Ingredients

A concept emphasizing the importance of high-quality components or materials in producing a superior product or outcome.

Herzberg's Motivator-Hygiene Theory

Herzberg's Motivator-Hygiene Theory suggests that job satisfaction and dissatisfaction arise from two different sets of factors: motivators, such as achievement and recognition, contribute to job satisfaction; hygiene factors, like salary and work conditions, can cause dissatisfaction if absent but not necessarily increase satisfaction if present.