Multiple Choice
Which of the following is true?
A) An increase in population shifts the demand curve for most goods leftward.
B) If consumers expect the price of a good will rise in the future, the demand curve shifts leftward.
C) For an inferior good, when income increases, the demand curve shifts leftward.
D) The demand curve for a good shifts leftward when the price of a substitute rises.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: The "law of demand" states that<br>A) the
Q4: The quantity supplied of a good is<br>A)
Q5: A relative price is<br>A) the ratio of
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table
Q10: When income increases, the demand curve for
Q11: An unusually warm winter shifts the<br>A) supply
Q12: Which of the following shifts the demand
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