Which of the Following Would Cause a Movement Along the Demand

question 37

Multiple Choice

Which of the following would cause a movement along the demand curve for ski- lift tickets, other things being equal?

• A)an increase in price as the supply curve for lift tickets shifts to the left
• B)a change in tastes in favour of skiing
• C)a rise in average household income
• D)a rise in the price of ski boots and skis
• E)an increase in population

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Definitions:

Price Level

The average price point of the entirety of goods and services in the economic scope.

Personal Consumption Expenditures

Refers to the value of goods and services purchased by households for the purpose of consumption.

Gross Private Domestic Investment

The total amount of money spent on investment in physical assets (such as buildings and machinery) by the private sector.

Government Spending

The total amount of money that the government expends on goods, services, and public projects to provide for citizens or stimulate the economy.