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Refer to the Above Diagram for Good X

Question 3

Multiple Choice

Refer to the above diagram for good X. A shift from D<sub>2</sub> to D<sub>1</sub> would best be explained by: A) an increase in the price of good X. B) a decrease in the price of good X. C) an increase in the price of a complementary good Y. D) an increase in the price of a substitute good Z. Refer to the above diagram for good X. A shift from D2 to D1 would best be explained by:


A) an increase in the price of good X.
B) a decrease in the price of good X.
C) an increase in the price of a complementary good Y.
D) an increase in the price of a substitute good Z.

Correct Answer:

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