The Following Figure Shows the Market for a Good

question 46

Multiple Choice

The following figure shows the market for a good.Which of the following is most likely to shift demand from D' to D?

• A)An increase in the price of a substitute good
• B)An increase in the number of consumers
• C)A decrease in the price of a complementary good
• D)A decline in consumers' incomes if it is a normal good

---

Definitions:

Population Standard Deviation

A measure of the dispersion or spread of a set of data points in a population, quantifying how much the data diverges from the mean of the population.

Sample Size

The number of observations or replicates used in a statistical sample.

Confidence Estimate

A range or interval within which an unknown population parameter is expected to lie, calculated to a specific confidence level.

Observations

The act of monitoring or recording systematically selected variables or data points for a particular study.