Which of the following could lead to a rightward shift of the demand curve for a good?
a. a decrease in the price of a substitute good
b. an increase in the price of a complementary good
c. a decrease in the price of the good, assuming it is a normal good
d. an increase in the price of the good, assuming it is an inferior good
e. expectations that the price of the good will rise in the future
E
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Which of the following properly ranks the size of tax revenues received by the federal government from highest to lowest?
A. Corporate taxes, Social Security payroll taxes, income taxes, and excise taxes. B. Social Security payroll taxes, excise taxes, corporate taxes, and income taxes. C. Income taxes, Social Security payroll taxes, corporate taxes, and excise taxes. D. Excise taxes, Social Security payroll taxes, income taxes, and corporate taxes.
Use the figure below to answer the next question. An increase in an economy's labor productivity would
A. shift the production possibilities frontier from CD to AB. B. move the economy away from point B and toward point A. C. shift the production possibilities frontier from AB to CD. D. move the economy away from point A and toward point B.