Which of the following events could have caused the demand curve to shift?
Which of the following events could have caused the demand curve to shift? Figure 2.5 Price...
An increase in demand A.Results in a leftward shift of the demand curve. B.could be caused by an increase in the price of a substitute good C. could be caused by a decrease in the price of the good D. is shown as movement down along a demand curve.
9. A shift to the right of the demand curve could be caused by a(n): A decrease in tastes or preferences. B decrease in the price of a substitute. C increase in income if the good is normal. D increase in the price of a complement. 10. Suppose that summer in a resort town is very rainy. We can expect demand to shift and the equilibrium price for hotels to . A left; fall B left; rise C right; fall...
Question 29 (2.5 points) Refer to the above figure. The rightward shift of the curve could have been caused by O an increase in income. an increase in production technology. O a decrease in production technology. O a decrease in income. Question 30 (2.5 points) Saved Which of the following factors will lead to a shift in the demand curve?
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. Select one: A. i only d B. ii only C. iii only D. ii and i E. i and iii O Which of the following increases the supply of petrol? Select one: O A. A decrease in the price of a resource used...
The following are factors that could possibly Shift Up the current Demand Curve for certain good X, EXCEPT: Question options: An increase in income, assuming x is a normal good. An increase in price of a complement for good x. An increase in the price of a substitute for good x. An expected future increase in price per unit of good x.
6. The equilibrium price for a good is currently $25 and the equilibrium quantity is 400. There is some change in the market that changes the equilibrium price to $35 and the equilibrium quantity to 500. This change is the result of only one curve shifting. Which of the following could have caused this change? 1) An increase in the cost of an input to the production of this good. II) A decrease in the price of a complement for...
Which of the following would NOT shift the demand curve for coffee? The price of doughnuts (a complement to coffee) decreases. The adult population increases so there are more buyers in the market for coffee. O Consumer income increases. O The price of coffee increases.
Which of the following would 1 point not shift to left? * The demand for jelly if peanut butter's price increased. O The demand for M and M's if they caused mumps. The demand for soda if the price of water decreased. The demand for popcorn at an Astros playoff game. The law of demand states that: * point Consumers will buy more at higher prices. The more consumers, the lower the price. Price and quantity demanded are directly related....
Which of the following will not lead to a shift in the demand curve? an increase in price. a change in tastes and preferences. an increase in income. a change in the price of a substitute good.
A demand curve will shift inward for any of the following reasons except that: a. income rises. b. price of a substitute falls. c. preference for a good decreases. d. price of a complement rises.