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(Figure: Good Y and Good X II) Which of the Following

Question 65

Multiple Choice

(Figure: Good Y and Good X II) Which of the following statements are TRUE? (Figure: Good Y and Good X II)  Which of the following statements are TRUE?   I. The demand curve for good Y shifted outward. II)  The demand curve for good Y shifted inward. III)  The demand curve for good X shifted inward. IV)  The price of good Y decreased, causing an increase in the quantity demanded of good Y. A)  II and III B)  I, III, and IV C)  III and IV D)  I and IV I. The demand curve for good Y shifted outward.
II) The demand curve for good Y shifted inward.
III) The demand curve for good X shifted inward.
IV) The price of good Y decreased, causing an increase in the quantity demanded of good Y.


A) II and III
B) I, III, and IV
C) III and IV
D) I and IV

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