Which of the following would not cause a change in the demand for cheese?
a. an increase in the price of crackers, which are consumed with cheese
b. an increase in the income of cheese consumers
c. an increase in the population of cheese lovers
d. an increase in the price of cheese
d
You might also like to view...
A decrease in net wealth will _____
a. shift the consumption function downward b. make the consumption function steeper c. cause an upward movement along the consumption function d. cause a downward movement along the consumption function e. make the consumption function flatter
Refer to the diagram. Suppose that aggregate demand increased from AD 1 to AD 2 . For the price level to stay constant:
A. the aggregate supply curve would have to shift rightward.
B. the aggregate supply curve would have to shift leftward.
C. real domestic output would have to remain constant.
D. the aggregate supply curve would have to be vertical.