-Refer to Exhibit 3-3.A movement from point V to point W could not have been the result of
A) a increase in the price of good Y.
B) an increase in good Y buyers' income (assuming that good Y is an inferior good).
C) an increase in the price of a complement to good Y.
D) a decrease in the number of buyers of good Y.
E) a decrease in good Y buyers' income (assuming that good Y is a normal good).

Question

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-Refer to Exhibit 3-3.A movement from point V to point W could not have been the result of
A) a increase in the price of good Y.
B) an increase in good Y buyers' income (assuming that good Y is an inferior good).
C) an increase in the price of a complement to good Y.
D) a decrease in the number of buyers of good Y.
E) a decrease in good Y buyers' income (assuming that good Y is a normal good).

Quizplus · Accepted Answer

A movement from point V to point W on a demand curve typically indicates an increase in quantity demanded of good Y. This could be caused by factors such as a decrease in the price of good Y, an increase in buyers' income (if Y is a normal good), a decrease in the price of a complement, or an increase in buyers. An increase in the price of good Y would decrease quantity demanded, moving in the opposite direction on the demand curve.

​ ​-Refer to Exhibit 3-3.A Movement from Point V to Point

-Refer to Exhibit 3-3.A Movement from Point V to Point