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Question 195

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Use the following to answer questions .
Exhibit: Simultaneous Shifts in Demand and Supply Use the following to answer questions . Exhibit: Simultaneous Shifts in Demand and Supply -(Exhibit: Simultaneous Shifts in Demand and Supply) D<sub>1</sub> and S<sub>1</sub> are original supply and demand curves, and S<sub>2</sub> and D<sub>2</sub> are new curves. In this market for a normal good, the shift in the demand curve may have been a result of: A) a decrease in the price of a substitute good. B) a decrease in the number of buyers. C) falling incomes. D) consumers' expecting the price to go up.
-(Exhibit: Simultaneous Shifts in Demand and Supply) D1 and S1 are original supply and demand curves, and S2 and D2 are new curves. In this market for a normal good, the shift in the demand curve may have been a result of:


A) a decrease in the price of a substitute good.
B) a decrease in the number of buyers.
C) falling incomes.
D) consumers' expecting the price to go up.

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