A Change in Income Will

question 41

Multiple Choice

A change in income will

• A)affect the demand for candy through the income effect of a price change
• B)affect the quantity demanded of candy through the income effect of a price change
• C)shift the demand curve for candy
• D)have no effect on the demand for candy, because income is assumed constant along a demand curve
• E)affect quantity demanded only if candy is a normal good

---

Definitions:

Market Researchers

Professionals who study market conditions to examine potential sales of a product or service.

Preferences

Individual choices or selections from a set of available options, often reflecting personal tastes, desires, or values.

Respondents

Individuals who answer questions or provide data as part of a survey or study.

Skew

A measure of the asymmetry of the probability distribution of a real-valued random variable, indicating how much a distribution is shifted or skewed to one side.