Which of the following would cause a shift in the demand curve from point A to point B?
A. a decrease in income (inferior good)
B. an increase in the price of a substitute good
C. an increase in income (normal good)
D. all of the above
Ans: D. all of the above
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How is the market demand curve for a public good derived?
What will be an ideal response?
Which of the following is not an example of a transfer payment?
A) health insurance payments to an army private B) social security payments to disabled persons C) unemployment insurance payments D) social security payments to retirees
The components of option premiums are:
A. Intrinsic value, if any B. Time value, if any C. The sum of (A) and (B) D. The strike price and brokerage commission
A purchasing power parity index would help you
A. identify those goods and services that are becoming relatively more important in chain-weighted GDP. B. estimate the growth rate of U.S. personal income. C. make international comparisons of living standards. D. predict changes in U.S. real GDP.