Refer to the above figure. A movement from Point A to Point B is caused by

A) an increase in income.
B) an expectation of a decrease in the price of the good in that figure.
C) a decrease in the price of the good in that figure.
D) all of the above.


C

Economics

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Good A has an income elasticity equal to -1.0 and a cross price elasticity with respect to Good B of 0.9 . Then: a. Good A is an inferior good and Goods A and B are substitutes. b. Good A is an inferior good and Goods A and B are complements. c. Good A is a normal good and Goods A and B are substitutes

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