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Exhibit 4.1 -Refer to Exhibit 4.1 for the Demand Curves of Baby

Question 50

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Exhibit 4.1
Exhibit 4.1 -Refer to Exhibit 4.1 for the demand curves of baby formula. If baby formula is an inferior good, then an increase in consumer income is likely to cause which of the following changes? A) a shift of the demand curve from D₁ to D₂ B) a movement along the demand curve D₁ from point a to point b C) a shift of the demand curve from D₂ to D₁ D) a movement along the demand curve D₂ from point d to point c E) a movement from point b on the demand curve D₁ to point c on the demand curve D₂
-Refer to Exhibit 4.1 for the demand curves of baby formula. If baby formula is an inferior good, then an increase in consumer income is likely to cause which of the following changes?


A) a shift of the demand curve from D₁ to D₂
B) a movement along the demand curve D₁ from point a to point b
C) a shift of the demand curve from D₂ to D₁
D) a movement along the demand curve D₂ from point d to point c
E) a movement from point b on the demand curve D₁ to point c on the demand curve D₂

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