A change in any of the ceteris paribus conditions for demand leads to a
A) a good going from an inferior good to a normal good.
B) movement along the demand curve.
C) shift of the demand curve.
D) change in supply.
C
Economics
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Under laissez faire, the allocation of resources among different products depends on
a. consumer preferences. b. production costs. c. Both a and b are correct. d. Neither a nor b is correct.
Economics
Unanticipated inflation tends to penalize:
A. People who save money in financial institutions B. Individuals who borrow money from financial institutions C. Businesses which borrow money from financial institutions D. Governments which have a progressive personal income tax
Economics