Multiple Choice
Which of the following will cause the demand curve for a normal good to shift to the right?
A) A decrease in income
B) An increase in the price of a complementary good
C) A decrease in the price of the good
D) An increase in the price of a substitute good
E) An expectation of a future price decline
Correct Answer:
Verified
Correct Answer:
Verified
Q129: Which of these is likely to increase
Q130: The supply of index cards is likely
Q131: The figure given below shows the market
Q132: Rent controls usually result in:<br>A)an economic profit
Q133: Consider the market for a good that
Q136: For a given downward-sloping demand curve,a decrease
Q137: The following figure shows the demand curves
Q138: As the price of milk increases,producers are
Q139: Which of the following best defines supply?<br>A)The
Q155: If demand decreases, then quantity supplied will