Use the Following to Answer Questions

question 195

Multiple Choice

Use the following to answer questions .
Exhibit: Simultaneous Shifts in Demand and Supply
-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves. In this market for a normal good, the shift in the demand curve may have been a result of:

• A) a decrease in the price of a substitute good.
• B) a decrease in the number of buyers.
• C) falling incomes.
• D) consumers' expecting the price to go up.

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