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    Economics Principles and Policy Study Set 2
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    Exam 4: Supply and Demand: an Initial Look
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    Figure 4-4 -Assume That Figure 4-4 Shows Demand for New Houses.A Decrease
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Figure 4-4 -Assume That Figure 4-4 Shows Demand for New Houses.A Decrease

Question 209

Question 209

Multiple Choice

Figure 4-4 Figure 4-4   -Assume that Figure 4-4 shows demand for new houses.A decrease in income of buyers will change demand from A) D<sub>1</sub> to D<sub>2</sub> B) D<sub>2</sub> to D<sub>1</sub>. C) D<sub>2</sub> to D<sub>3</sub>. D) D<sub>1</sub> to D<sub>3</sub>.
-Assume that Figure 4-4 shows demand for new houses.A decrease in income of buyers will change demand from


A) D1 to D2
B) D2 to D1.
C) D2 to D3.
D) D1 to D3.

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