Refer to the information provided in Figure 3.2 below to answer the question(s) that follow. Figure 3.2
-Refer to Figure 3.2. Which of the following would be most likely to cause the demand for macaroni and cheese to shift from D₀toD₁?

Question

Refer to the information provided in Figure 3.2 below to answer the question(s) that follow.

Figure 3.2
-Refer to Figure 3.2. Which of the following would be most likely to cause the demand for macaroni and cheese to shift from D₀toD₁?

Quizplus · Accepted Answer

A decrease in income, assuming macaroni and cheese is a normal good, would cause the demand curve to shift. Changes in income levels, especially for normal goods, directly affect demand. A decrease in income would lead to a decrease in demand for normal goods like macaroni and cheese, shifting the demand curve leftward. Choices A and D refer to movements along the demand curve, not shifts of the curve itself, and B affects supply, not demand.

Refer to the Information Provided in Figure 3