Author Question: For a change in the quantity supplied but not a change in supply to occur, there must be a A) ... (Read 70 times)

Awilson837 · **on:** Jun 29, 2018

For a change in the quantity supplied but not a change in supply to occur, there must be a

A) rightward shift of the supply curve.
B) rightward shift of the demand curve.
C) leftward shift of the demand curve.
D) Both answers B and C are correct.

Question 2

The ________ measures the change in the demand of a good due to a percentage change in the consumer's income.

A) substitution effect of a price change
B) income effect of a price change
C) cross-price elasticity of demand
D) income elasticity of demand