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    Business
  3. Study Set
    Macroeconomics Principles
  4. Exam
    Exam 3: Supply and Demand
  5. Question
    If Buyers' Tastes and Preferences Shift in Favor of a Good,the
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If Buyers' Tastes and Preferences Shift in Favor of a Good,the

Question 64

Question 64

Multiple Choice

If buyers' tastes and preferences shift in favor of a good,the result is


A) an increase in quantity demanded
B) an increase in demand
C) an increase in quantity demanded and an increase in supply
D) a decline in supply
E) an increase in supply

Correct Answer:

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