A good for which, other things equal, an increase in income leads to an increase in demand

encouraging consumption and discouraging production when price falls.

encouraging consumption and encouraging production when price rises.

discouraging consumption and encouraging production when price falls.

discouraging consumption and encouraging production when income falls.

a supply schedule is in the form of a table of prices and quantities supplied, while a supply curve is in the form of a graph.

a supply schedule can be changed, but a supply curve cannot.

a supply schedule requires uniform changes in prices and quantities, but a supply curve does not.

supply curves cannot be straight lines, while supply schedules must represent straight lines.

supply curves show only the relationship between prices and the amounts suppliers wish to sell, while supply schedules show both the demand and supply conditions.

is a situation in which demanders can buy the quantities they want and supplier can sell the quantities they want.

is a situation in which the amount demanders buy is zero.

is a situation where the amount demanders buy is increasing steadily.

is a situation in which suppliers can sell the quantities they want without regard to the amount demanders wish to buy.

is a situation in which demanders can buy the quantities they want without regard to the amount suppliers wish to sell.

first rise, then fall.

suppliers can sell the quantities they want at a price they want, and buyers can buy the amount they want at a price they want.

the amount demanders buy is increasing steadily.

markets clear in that excess demand and excess supply are zero.

a rightward shift of the supply curve for good B, other things equal.

a rightward shift of the demand curve for good B, other things equal.

a leftward shift of the demand curve for good B, other things equal.

a leftward shift of the supply curve of good B, other things equal.

consumers determine the price by their tendency to buy.

both consumers and producers determine the price of the product through their many interactions in the market place.

producers determine the price by their tendency to sell.

the Secretary of Commerce determines the price through appropriate use of regulation and tax laws.

both consumers and producers determine the price through regular meetings of producer and consumer advocates.