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Use the Figure Below to Answer the Following Question(s)

Question 170

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Use the figure below to answer the following question(s) . Figure 3-3
Use the figure below to answer the following question(s) . Figure 3-3 In Figure 3-3, if the initial demand for margarine were D<sub>1</sub>, the impact of an increase in the price of margarine from $0.35 to $0.40 per pound on consumer purchases would be illustrated as A) a shift in the demand curve to D<sub>2</sub>. B) a shift in the demand curve to D<sub>3</sub>. C) a movement upward to the left along the original demand curve D<sub>1</sub>. D) none of the above. In Figure 3-3, if the initial demand for margarine were D1, the impact of an increase in the price of margarine from $0.35 to $0.40 per pound on consumer purchases would be illustrated as


A) a shift in the demand curve to D2.
B) a shift in the demand curve to D3.
C) a movement upward to the left along the original demand curve D1.
D) none of the above.

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