In the Above Figure, the Shift in the Demand Curve

question 103

Multiple Choice

In the above figure, the shift in the demand curve from D to D1 can be the result of

• A) an increase in the price of soft drinks, a complement to pizza.
• B) an increase in the price of pizza.
• C) a change in quantity demanded.
• D) an increase in the price of a sub sandwich, a substitute for pizza.
• E) a decrease in income if pizza is a normal good.

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Definitions:

Preoperational

A stage in Piaget's theory of cognitive development (ages 2-7) in which children are unable to perform operations or logical thought processes.

Normal Operational

Normal Operational refers to the standard, routine, or expected processes and functions of a system, machine, or organization under regular or usual conditions.

Sensorimotor

A developmental stage in young children characterized by learning through interacting with their environment using senses and muscle movements.

Formal Operational

The stage in Piaget’s theory of cognitive development where individuals learn to think logically about abstract concepts and hypothetical situations.