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Which of the following will cause the demand curve for a good to shift to the right?

a. Increase in the price of a complementary good.

b. Decrease in the price of the good.

c. Increase in the price of a substitute good.

d. Expectation of a future price decline.

 

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Mahe Alam
Mahe AlamLv10
15 Sep 2020

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Related questions

1. Explain the effect on demand caused by the following:

a. the expectation of future price increases,

b. a change in the price of the good,

c. an increase in the price of a substitute good, and

d. an increase in the price of a complementary good.

2. If the demand for a product is inelastic, what are the implications?

3. List and explain three factors that cause the supply curve to shift?

The demand curve shift shown in the figure was caused by a(n):

a. increase in the input cost of the good.

b. increase in the price of a substitute of the good

c. decrease in the number of firms selling the good.

d. decrease in the number of buyers in the market for the good

e. expectation that the future price of this good will be higher than it is currently

 

Which of the following will not cause a shift in the demand curve for a good?
a. A decrease in the price of a good
b. An increase in the consumer's desire or taste for the good
c. An increase in the price of a substitute good
d. An increase in consumers' income.

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