« previous next »

Author Question: Which of the following could shift the demand for a good to the right? a. a decrease in income, if ... (Read 42 times)

drink

  • Hero Member
  • *****
  • Posts: 554
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

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

good to eat good to eat
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
The horizontal phase shift of the resultant graph is The horizontal phase shift of the resultant graph is
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library