Solved

The Figure Given Below Shows the Demand Curves for Five

Question 46

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1    -A fall in the average income of a consumer, say during a recession, is represented by: A) an upward movement along the demand curve for a good consumed by the consumer. B) a downward movement along the demand curve for a good consumed by the consumer. C) a shift of the demand curve for a good consumed by the consumer. D) a rotation of the demand curve for a good consumed by the consumer. E) an inward shift of the demand curve for an inferior good consumed by the consumer.
-A fall in the average income of a consumer, say during a recession, is represented by:


A) an upward movement along the demand curve for a good consumed by the consumer.
B) a downward movement along the demand curve for a good consumed by the consumer.
C) a shift of the demand curve for a good consumed by the consumer.
D) a rotation of the demand curve for a good consumed by the consumer.
E) an inward shift of the demand curve for an inferior good consumed by the consumer.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions