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    Economics Study Set 9
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    Exam 3: Where Prices Come From: the Interaction of Demand and Supply
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    Figure 3-1 -Refer to Figure 3-1. If the Product Represented Is an Represented
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Figure 3-1 -Refer to Figure 3-1. If the Product Represented Is an Represented

Question 334

Question 334

Multiple Choice

Figure 3-1 Figure 3-1   -Refer to Figure 3-1. If the product represented is an inferior good, an increase in income would be represented by a movement from A)  A to B. B)  B to A. C)  D<sub>1</sub> to D<sub>2</sub>. D)  D<sub>2 </sub>to D<sub>1</sub>.
-Refer to Figure 3-1. If the product represented is an inferior good, an increase in income would be represented by a movement from


A) A to B.
B) B to A.
C) D1 to D2.
D) D2 to D1.

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