Exhibit 4-8

Multiple Choice

Exhibit 4-8
-Refer to Exhibit 4-8. A shift from demand curve D to demand curve D' would be caused by a(n)

A) decrease in the price of the product under consideration
B) significant decrease in population because of emigration
C) increase in consumer income
D) decrease in the number of producers of the product
E) increase in the price of a relevant resource