Multiple Choice
Normally an increase in the supply of a good will cause
A) a shift of consumer preferences in favor of that good.
B) consumers to use more of that good and less of others.
C) a shift of consumer preferences away from that good.
D) consumers to use less of that good and more of others.
Correct Answer:
Verified
Correct Answer:
Verified
Q71: An increase in price is likely to
Q94: If the price of chicken rises from
Q116: The interest rate is the price borrowers
Q188: If the demand for steak shifts to
Q254: If the U.S.government starts to sell off
Q263: If the price of a good rises,
Q273: American consumers learn that grape consumption can
Q296: A typical supply curve has<br>A)slope equal to
Q319: Why are sellers willing to sell more
Q320: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9029/.jpg" alt=" Assume that Figure