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  3. Study Set
    Macroeconomics Study Set 43
  4. Exam
    Exam 3: B: Demand, Supply, and Market Equilibrium
  5. Question
    If the Demand for a Normal Good (For Example, Steak)
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If the Demand for a Normal Good (For Example, Steak)

Question 258

Question 258

Multiple Choice

If the demand for a normal good (for example, steak) shifts to the left, the most likely reason is that:


A) consumer incomes have fallen.
B) cattle production has declined.
C) the price of steak has risen.
D) the price of cattle feed has gone up.

Correct Answer:

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