This topic contains a solution. Click here to go to the answer

Author Question: Which of the following would not cause market demand for a normal good to decline? a. An increase ... (Read 96 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
Which of the following would not cause market demand for a normal good to decline?
 a. An increase in the price of a substitute.
  b. An increase in the price of a complement.
  c. A decline in consumer income.
  d. Consumer expectations that the good will go on sale in the near future.
  e. An announcement by the Surgeon General that the product contributes to premature death.

Question 2

Other things being equal, the effect of a decrease in the price of Coca-Cola would cause which of the following?
 a. A rightward shift in the demand curve for Coca-Cola.
  b. A downward movement along the demand curve for Coca-Cola.
  c. A leftward shift in the demand curve for Coca-Cola.
  d. An upward movement along the demand curve for Coca-Cola.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joc

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

a

Answer to Question 2

b




OSWALD

  • Member
  • Posts: 580
Reply 2 on: Jun 30, 2018
Gracias!


nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library