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Author Question: Which of the following best represents the effects of an increase in the price of coffee, other ... (Read 40 times)

ericka1

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on: Jun 30, 2018
Which of the following best represents the effects of an increase in the price of coffee, other things being equal?
 a. A leftward shift in the demand curve for coffee.
  b. A downward movement along the demand curve for coffee.
  c. A rightward shift in the demand curve for coffee.
  d. An upward movement along the demand curve for coffee.

Question 2

Which of the following best represents the effects of a decrease in the price of coffee, other things being equal?
 a. A leftward shift in the demand curve for coffee.
  b. A downward movement along the demand curve for coffee.
  c. A rightward shift in the demand curve for coffee.
  d. An upward movement along the demand curve for coffee.


alexisweber49

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

d

Answer to Question 2

b


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ericka1

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Reply #2 on: Jun 30, 2018
Correct answers!


alexisweber49

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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