Exhibit 4-2
-In Exhibit 4-2, which of the following could not cause the shift from D to D'?
A) a decrease in the price of a complement
B) an increase in the price of a substitute
C) a decrease in the price of the good in question
D) an increase in the number of consumers
E) a decrease in income if the good in question is an inferior good
Correct Answer:
Verified
Q141: Economists emphasize the importance of equilibrium in
Q145: Exhibit 4-2 Q150: The equilibrium point represents the only price-quantity Q161: A rightward shift of a supply curve Q165: The market for chewing gum is competitive Q175: A decrease in demand will cause a(n) Q178: If the demand for bicycles increases, Q179: A decrease in demand will result in Q233: Suppliers recognize there is a shortage in Q241: If people believe that prices are going![]()
A)represents
A)increase
A)the quantity
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