Multiple Choice
(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
Correct Answer:

Verified
Correct Answer:
Verified
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