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(Figure: Demand Shift) Refer to the Figure

Question 58

Multiple Choice

(Figure: Demand Shift) Refer to the figure. Which of the following factors would cause the change in the figure? (Figure: Demand Shift) Refer to the figure. Which of the following factors would cause the change in the figure? I. a decrease in the price of a complement good II. a decrease in the price of the product III. a decrease in the price of a substitute good IV. an increase in taxes A) I only B) II only C) I, II, and III only D) I and IV only I. a decrease in the price of a complement good II. a decrease in the price of the product III. a decrease in the price of a substitute good IV. an increase in taxes


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

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