FIGURE 3-1Refer to Figure 3-1. The movement along the demand ...

[najmarocks25]

Question 1

FIGURE 3-1

Refer to Figure 3-1. If demand is given by the curve D, the ________ energy-efficient light bulbs is 200 000 at a price of $9.

◦ demand for
◦ quantity sold of
◦ quantity demanded of
◦ quantity purchased of
◦ demand schedule for

Question 2

FIGURE 3-1

Refer to Figure 3-1. The movement along the demand curve, D, from point v to point x, could be caused by

◦ an expectation that new, government regulations will require the use of energy-efficient light bulbs only.
◦ a change in the price of ordinary light bulbs.
◦ an increase in household income, which allows consumers to purchase more light bulbs.
◦ a change in the price of energy-efficient light bulbs.
◦ a change in preferences away from ordinary light bulbs to energy-efficient light bulbs.

[saly]

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[najmarocks25]

Thanks for the timely response, appreciate it

[parker125]

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