A hot summer is likely to cause:
A) A movement along the demand curve for sun tan lotion
B) An outward shift of the demand curve for sun tan lotion
C) An inward shift of the demand curve for sun tan lotion
D) None of the above
Correct Answer:
Verified
Q19: Utility is maximised when:
A) Total utility is
Q20: If the quantity demanded for a good
Q21: What is the price if the quantity
Q22: When consumers switch to cheaper alternative products
Q23: An increase in income is unlikely to
Q24: Marketing campaigns are designed to:
A) Cause a
Q25: Which of the two goods below represent
Q26: Which of the following represent substitute goods?
A)
Q27: Goods which experience a fall in the
Q28: A contraction of demand is associated with:
A)
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