Author Question: If income increases, then with regard to expensive cuts of steak, it is likely that the demand ... (Read 91 times)

james9437 · **on:** Jun 30, 2018

If income increases, then with regard to expensive cuts of steak, it is likely that the demand curve:
a. shifts to the right.
b. shifts to the left.
c. becomes steeper.
d. does not change.
e. becomes flatter.

Question 2

A change in demand cannot be caused by a change in:
a. tastes.
b. population.
c. the prices of other goods.
d. expectations of future prices.
e. the price of the good itself.