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Author Question: Which of the following will increase the demand for motorcycles? a. A fall in the price of ... (Read 37 times)

asan beg

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on: Jun 30, 2018
Which of the following will increase the demand for motorcycles?
 a. A fall in the price of motorcycles.
  b. A fall in insurance rates for motorcycles.
  c. A fall in the price of automobiles.
  d. A fall in buyers' incomes (assuming motorcycles are a normal good).
  e. A fall in consumer preference for motorcycles.

Question 2

An increase in the demand for a good means that:
 a. the demand curve has shifted to the left.
  b. the good's price has fallen and, as a result, consumers are buying more of the good.
  c. the good has become scarce.
  d. consumers are willing to purchase more of the good at each possible price.


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bfulkerson77

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


asan beg

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

ryhom

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  • Posts: 366
Reply 3 on: Yesterday
Great answer, keep it coming :)

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