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Exhibit 4.1 -Refer to Exhibit 4.1 for the Demand Curves of Baby

Question 50

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Exhibit 4.1
Exhibit 4.1 -Refer to Exhibit 4.1 for the demand curves of baby formula.If baby formula is an inferior good,then an increase in consumer income is likely to cause which of the following changes? A) a shift of the demand curve from D<sub>1</sub> to D<sub>2</sub> B) a movement along the demand curve D<sub>1</sub> from point a to point b C) a shift of the demand curve from D<sub>2</sub> to D<sub>1</sub> D) a movement along the demand curve D<sub>2</sub> from point d to point c E) a movement from point b on the demand curve D<sub>1</sub> to point c on the demand curve D<sub>2</sub>
-Refer to Exhibit 4.1 for the demand curves of baby formula.If baby formula is an inferior good,then an increase in consumer income is likely to cause which of the following changes?


A) a shift of the demand curve from D1 to D2
B) a movement along the demand curve D1 from point a to point b
C) a shift of the demand curve from D2 to D1
D) a movement along the demand curve D2 from point d to point c
E) a movement from point b on the demand curve D1 to point c on the demand curve D2

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