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Author Question: For a change in the quantity supplied but not a change in supply to occur, there must be a A) ... (Read 31 times)

Awilson837

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on: Jun 29, 2018
For a change in the quantity supplied but not a change in supply to occur, there must be a
 
  A) rightward shift of the supply curve.
  B) rightward shift of the demand curve.
  C) leftward shift of the demand curve.
  D) Both answers B and C are correct.

Question 2

The ________ measures the change in the demand of a good due to a percentage change in the consumer's income.
 
  A) substitution effect of a price change
  B) income effect of a price change
  C) cross-price elasticity of demand
  D) income elasticity of demand


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Bsand8

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Awilson837

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

abro1885

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Reply 3 on: Yesterday
Gracias!

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