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FIGURE 3-1 Refer to Figure 3-1

Question 18

Multiple Choice

  FIGURE 3-1 Refer to Figure 3-1.A shift of the demand curve for energy-efficient light bulbs from D to D<sup>2</sup> could be caused by A) an increase in the price of ordinary light bulbs. B) a change in preferences away from ordinary bulbs to energy-efficient bulbs. C) an expectation that new government regulation will require the use of energy-efficient light bulbs only. D) a decrease in the price of energy-efficient light bulbs. E) a news bulletin stating that energy-efficient light bulbs emit a harmful gas. FIGURE 3-1 Refer to Figure 3-1.A shift of the demand curve for energy-efficient light bulbs from D to D2 could be caused by


A) an increase in the price of ordinary light bulbs.
B) a change in preferences away from ordinary bulbs to energy-efficient bulbs.
C) an expectation that new government regulation will require the use of energy-efficient light bulbs only.
D) a decrease in the price of energy-efficient light bulbs.
E) a news bulletin stating that energy-efficient light bulbs emit a harmful gas.

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