Author Question: All of the following cause a shift in the demand curve EXCEPT a change in the A) price of related ... (Read 77 times)

Pineappleeh · **on:** Jun 29, 2018

All of the following cause a shift in the demand curve EXCEPT a change in the

A) price of related goods.
B) price of the good or service.
C) consumer income.
D) number of consumers.

Question 2

Refer to the above figure. We are currently producing at point c. Which of the following statements is TRUE?

A) Resources are not being efficiently utilized.
B) Resources are being efficiently utilized.
C) The only way to produce more of Goods X or Y is to have an increase in the amount of resources.
D) The Law of Increasing Additional Cost does not hold.