MULTIPLE CHOICE

question 30

Multiple Choice

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. FIGURE 3-1
-Refer to Figure 3-1. The movement along the demand curve, D, from point v to point x, could becaused by

• A) an expectation that new, government regulations will require the use of energy-efficient light bulbs only.
• B) an increase in household income, which allows consumers to purchase more light bulbs.
• C) a change in preferences away from ordinary light bulbs to energy-efficient light bulbs.
• D) a change in the price of ordinary light bulbs.
• E) a change in the price of energy-efficient light bulbs.

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Definitions:

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