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Author Question: Which of the following could shift the demand for a good to the right? a. a decrease in income, if ... (Read 37 times)

drink

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on: Jul 1, 2018
Which of the following could shift the demand for a good to the right?
 a. a decrease in income, if the good is a normal good
  b. an increase in the price of a complementary good
  c. a decrease in the good's price, if the good is normal
  d. an increase in the good's price, if the good is inferior
  e. an expectation of a future price increase

Question 2

Which of the following will cause the demand curve for a good to shift to the left?
 a. an increase in the price of the good
  b. a decrease in the price of the good
  c. a decrease in the price of a complementary good
  d. an expectation of a future price decline
  e. an increase in the price of a substitute good


Jsherida

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  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


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