Author Question: Which of the following would not cause market demand for a normal good to decline? a. An increase ... (Read 25 times)

OSWALD · **on:** Jun 30, 2018

Which of the following would not cause market demand for a normal good to decline?
a. An increase in the price of a substitute.
b. An increase in the price of a complement.
c. A decline in consumer income.
d. Consumer expectations that the good will go on sale in the near future.
e. An announcement by the Surgeon General that the product contributes to premature death.

Question 2

Other things being equal, the effect of a decrease in the price of Coca-Cola would cause which of the following?
a. A rightward shift in the demand curve for Coca-Cola.
b. A downward movement along the demand curve for Coca-Cola.
c. A leftward shift in the demand curve for Coca-Cola.
d. An upward movement along the demand curve for Coca-Cola.