Which of the following would shift the demand curve for the normal good regular vanilla ice cream to the left?
a. reports of health risks as a result of eating vanilla ice cream
b. an increase in the price of frozen yogurt
c. a decrease in the price of hot fudge sauce
d. an increase in the price of regular vanilla ice cream
e. an increase in buyers' incomes
A
You might also like to view...
As the housing bubble began to collapse, the wave of initial foreclosures led to:
A. banks no longer offering refinancing as an option, and home sales slowed. B. more foreclosures due to the herd instinct. C. more household saving in other forms. D. banks flooding the market with homes for sale, further depressing their price.
During the Great Depression in the 1930s, world prices of most primary products plummeted. This caused many countries to turn toward
A. exporting agricultural goods. B. exporting manufactured goods. C. import-substituting industrialization. D. importing manufactured goods.