Which of the following would cause a shift in the demand curve for a good?
a. An increase in consumers' income.
b. A decrease in the number of consumers.
c. The expectation that the price of a good will increase in the future.
d. All of these.
d
You might also like to view...
The Economic Freedom Index includes which of the following measures of economic freedom within a nation?
A) Levels of economic regulation B) Freedom of pricing C) Stability of monetary policy D) Taxation levels E) All of the above.
In the table above, the number of marginally attached workers is ________
A) 40 million B) 6 million C) 2 million D) 4 million
The income effect refers to the impact of a change in
a. income on the price of a good b. the general price level caused by a change in the price of another good c. the price of a good on real income d. the price of a substitute for the good under consideration e. demand when income changes
The standard definition of money is
a. currency + checking account balances + saving account balances b. currency + checking account balances + travelers' checks c. currency + checking account balances + credit cards d. currency + credit cards + certificates of deposit e. currency only