Multiple Choice
Which of the following would shift the demand curve for gasoline to the right?
A) A decrease in the price of gasoline
B) An increase in consumer income, assuming gasoline is a normal good
C) An increase in the price of cars, a complement for gasoline
D) A decrease in the expected future price of gasoline
Correct Answer:
Verified
Correct Answer:
Verified
Q88: If orange juice and apple juice are
Q89: A improvement in production technology will shift
Q90: When we move along a given demand
Q91: An increase in the price of a
Q92: If a person expects the price of
Q94: An example of a perfectly competitive market
Q95: Individual demand curves are summed horizontally to
Q96: A decrease in income will shift the
Q97: When an increase in the price of
Q98: Which of the following changes would not