If Buyers' Incomes Increase,the Demand Curve Will Shift to the _____

question 3

Multiple Choice

If buyers' incomes increase,the demand curve will shift to the _____ and the prices will _____.

• A)right;rise
• B)left;fall
• C)right;fall
• D)left;rise

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Definitions:

Marginal Revenue

The surplus earnings acquired through the sale of an extra product or service unit.

Increasing Output

The process of raising the quantity of goods or services produced by a company or economy, often aiming for higher efficiency and profitability.

Marginal Analysis

The examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.

Total Cost

The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.