Multiple Choice
-Refer to Exhibit 3-2.Which of the following would result in a movement from point A on D1 to point B on D2?
A) an increase in a per-unit tax on good X
B) an increase in income of the buyers of good X,assuming good X is an inferior good
C) a decline in technology in the production of good X
D) an increase in income of the buyers of good X,assuming good X is a normal good
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Which of the following statements best represents
Q31: Consider a point on a market demand
Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to
Q33: On a supply-and-demand diagram,quantity demanded equals quantity
Q34: Explain the difference between a change in
Q36: Explain why the price of a good
Q37: Explain why the price of a good
Q38: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q39: <br><br><br>-If the supply of and demand for
Q40: Which of the following statements represents a