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Exhibit 4-12

Question 223

Multiple Choice

Exhibit 4-12 Exhibit 4-12 -Refer to exhibit 4-12. An increase in consumer income will cause which of the following to happen if baby formula is an inferior good? A) demand shift from D<sub>2</sub> to D<sub>1</sub> B) movement from b to a on demand curve D<sub>1</sub> C) demand shift from D<sub>1</sub> to D<sub>2</sub> D) movement from d to c on demand curve D<sub>2</sub> E) none of the above
-Refer to exhibit 4-12. An increase in consumer income will cause which of the following to happen if baby formula is an inferior good?


A) demand shift from D2 to D1
B) movement from b to a on demand curve D1
C) demand shift from D1 to D2
D) movement from d to c on demand curve D2
E) none of the above

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