Consumer preferences, prices of related goods, income, and demographic characteristics are often termed:

If the price of a normal good is measured along the vertical axis and its quantity along the horizontal axis, an increase in the price of the good will lead to

A. an upward movement along the demand curve. B. a rightward shift of the demand curve. C. a downward movement along the demand curve. D. a leftward shift of the demand curve.

Examining the equilibrium conditions of individual markets and for households and firms separately is referred to as

A. efficiency analysis. B. general equilibrium analysis. C. comparative statics. D. partial equilibrium analysis.