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Figure 2.7 -Refer to Figure 2.7. Assume That D1 and S1 Are

Question 123

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Figure 2.7
 
-Refer to Figure 2.7. Assume that D<sub>1</sub> and S<sub>1</sub> are the initial curves. The shift in demand to D<sub>2</sub> is most likely the result of

Figure 2.7
Figure 2.7    -Refer to Figure 2.7. Assume that D<sub>1</sub> and S<sub>1</sub> are the initial curves. The shift in demand to D<sub>2</sub> is most likely the result of A)  an increase in the number of consumers. B)  an increase in expected income. C)  an increase in the price of a substitute good. D)  pessimistic producer expectations. E)  a shift in consumer tastes away from the product.
-Refer to Figure 2.7. Assume that D1 and S1 are the initial curves. The shift in demand to D2 is most likely the result of


A) an increase in the number of consumers.
B) an increase in expected income.
C) an increase in the price of a substitute good.
D) pessimistic producer expectations.
E) a shift in consumer tastes away from the product.

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