Which of the following will cause the demand curve for a normal good to shift to the right?
a. a decrease in income
b. an increase in the price of a complementary good
c. a decrease in the price of the good
d. an increase in the price of a substitute good
e. an expectation of a future price decline
D
Economics
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As a result of an increase in the personal income tax rate, consumers are likely to
A) spend less. B) earn more money. C) save more. D) spend more.
Economics
Using the Keynesian model, the effect of an increase in the effective tax rate on capital would be to cause ________ in the real interest rate and ________ in output in the short run
A) a decrease; a decrease B) a decrease; no change C) an increase; an increase D) no change; a decrease
Economics