Use the Following to Answer Questions

question 4

Multiple Choice

Use the following to answer questions :
Figure: Shifts in Demand and Supply IV
-(Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV. The figure shows how supply and demand might shift in response to specific events. Suppose consumer incomes increase. Which panel BEST describes how this will affect the market for big-screen televisions, a normal good?

• A)panel A
• B)panel B
• C)panel C
• D)panel D

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Definitions:

Barack Obama

The 44th President of the United States, serving from 2009 to 2017, notable for being the first African American to hold the office.

Color Blindness

An ideology or approach that claims to ignore racial differences, aiming at treating all individuals equally without regard to race, ethnicity, or color, which critics argue may overlook systemic inequalities.

Racial Inequalities

Disparities and unjust treatment experienced by individuals or groups based on race, affecting various life aspects such as wealth, healthcare, education, and legal justice.

Functionalism

A perspective in sociology and anthropology that sees society as a complex system whose parts work together to promote stability and social order.