Assume that spinach is a normal good. Assume further that medical researches have proven that eating spinach will reduce risks of cancer. Due to economic recession:
A) there will be a leftward shift of the demand curve
B) there will be a rightward shift of the demand curve
C) the demand curve may remain the same or may shift to the right or may shift to the left.
D) there will be lower price of spinach.
Correct Answer:
Verified
Q46: Suppose that widgets and zaflings are complementary
Q47: A downward sloping demand curve for beef
Q48: Consider a normal good X. Due to
Q49: Consider an inferior good X. Due to
Q50: Consider good X. Due to economic recession,
Q52: With a given supply curve, a decrease
Q53: Which of the following determinants will not
Q54: An improvement in overall technology that allows
Q55: An increase in supply can be caused
Q56: If Southern Ontario experiences a late frost
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