FIGURE 3-1
-Refer to Figure 3-1. A shift of the demand curve for energy-efficient light bulbs from D to D2 could be caused by
A) an increase in the price of ordinary light bulbs.
B) a change in preferences away from ordinary bulbs to energy-efficient bulbs.
C) an expectation that new government regulation will require the use of energy-efficient light bulbs only.
D) a decrease in the price of energy-efficient light bulbs.
E) a news bulletin stating that energy-efficient light bulbs emit a harmful gas.
Correct Answer:
Verified
Q44: Q47: Q53: Which of the following events would cause Q54: The market supply curve for wooden shipping Q55: Economists say there has been a change Q57: Quantity demanded is a flow variable,which means Q60: The term "quantity supplied" is the amount Q65: Suppose there is a decrease in the Q67: The term "supply" in a particular market Q77: A fall in the price of raw![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents