Solved

One Might Explain a Shift to the Right in the Demand

Question 4

Multiple Choice

One might explain a shift to the right in the demand curve for normal product A by saying that:


A) incomes have declined, and consumers now want to buy less of A at every price
B) the price of A has increased and, as a result, consumers want to buy less of it
C) preferences have changed in favour of A, so consumers now want to buy more at every price
D) the price of A has declined and, as a result, consumers want to buy more of it
E) product A is now more plentiful than before

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents