This topic contains a solution. Click here to go to the answer

Author Question: Which of the following would not cause market demand for a normal good to decline? a. An increase ... (Read 93 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joc

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

a

Answer to Question 2

b




OSWALD

  • Member
  • Posts: 580
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library