Multiple Choice

Figure 2.7

-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.
Correct Answer:
Verified
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