Suppose That When Income Rises,the Demand Curve for Doctor's Visits

question 59

Multiple Choice

Suppose that when income rises,the demand curve for doctor's visits shifts to the right.In this case,we know doctor's visits are

• A)inferior goods.
• B)normal goods.
• C)perfectly competitive goods.
• D)durable goods.

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Definitions:

Herbert Hoover

The 31st President of the United States (1929-1933), whose term was notably marked by the onset of the Great Depression.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by high unemployment, deflation, and a significant fall in economic activity.

Economic Expansion

A phase of the business cycle where the economy grows and increases its output, leading to higher employment and income levels.

Roosevelt Administration

The period of U.S. governance under President Franklin D. Roosevelt, most noted for the New Deal programs implemented to counter the effects of the Great Depression.