Author Question: Which of the following will not cause a demand curve to shift position? a. A doubling of the good's ... (Read 39 times)

swpotter12 · **on:** Jul 1, 2018

Which of the following will not cause a demand curve to shift position?
a. A doubling of the good's price.
b. A doubling of the price of a closely substitutable good.
c. A doubling of income.
d. A shift in preferences.
e. A doubling of both the price of X and the price of Y.

Question 2

Once a division manager sees that production goal for a time period is likely to be met
a. he has an incentive to increase the pace of production
b. he has an incentive to decrease the pace of production
c. he does not have an incentive to change the pace of production
d. he has an incentive to produce other products