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(Figure: Demand Shift) Which of the Following Factors Would Cause

Question 54

Multiple Choice

(Figure: Demand Shift) Which of the following factors would cause the change in the figure? Figure: Demand Shift (Figure: Demand Shift)  Which of the following factors would cause the change in the figure? Figure: Demand Shift   I. an increase in the price of a complement good II. an increase in production costs III. an increase in the price of a substitute good IV. an increase in income for an inferior good A)  I and III only B)  II and IV only C)  III only D)  I, II, and III I. an increase in the price of a complement good II. an increase in production costs III. an increase in the price of a substitute good IV. an increase in income for an inferior good


A) I and III only
B) II and IV only
C) III only
D) I, II, and III

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