Multiple Choice
Which of the following statements is false?
A) An upward-sloping supply curve graphically represents the law of supply.
B) A vertical supply curve graphically represents the law of supply.
C) If income rises and good X is a normal good,then the demand for good X will rise.
D) If income falls and good Y is an inferior good,then the demand for good Y will rise.
Correct Answer:
Verified
Correct Answer:
Verified
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