Exhibit 3-3

Good Y

Refer to Exhibit 3-3. A movement from point V to point W could not have been the result of
A)a increase in the price of good Y.
B)an increase in good Y buyers' income (assuming that good Y is an inferior good).
C)an increase in the price of a complement to good Y.
D)a decrease in the number of buyers of good Y.
E)a decrease in good Y buyers' income (assuming that good Y is a normal good).

Question

Exhibit 3-3

Good Y
​
​
Refer to Exhibit 3-3. A movement from point V to point W could not   have been the result of
A)a increase in the price of good Y. 
B)an increase in good Y buyers' income (assuming that good Y is an inferior good). 
C)an increase in the price of a complement to good Y. 
D)a decrease in the number of buyers of good Y. 
E)a decrease in good Y buyers' income (assuming that good Y is a normal good).

Quizplus · Accepted Answer

The Answer of Exhibit 3-3

Good Y
​
​
Refer to Exhibit 3-3. A movement from point V to point W could not   have been the result of
A)a increase in the price of good Y. 
B)an increase in good Y buyers' income (assuming that good Y is an inferior good). 
C)an increase in the price of a complement to good Y. 
D)a decrease in the number of buyers of good Y. 
E)a decrease in good Y buyers' income (assuming that good Y is a normal good).