Figure 4.2 shows the demand curves for a good. A shift from demand curve D to demand curve D' in the figure would be caused by a(n) :
Figure 4.2
A) decrease in the price of the good under consideration.
B) significant increase in population because of immigration.
C) decrease in consumer income.
D) decrease in the number of producers of the product.
E) increase in the price of an important resource.
Correct Answer:
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