The Demand Curve for a Normal Good Will Shift to the Left

question 60

Multiple Choice

The demand curve for a normal good will shift to the left if _____.

• A) the cost of producing the good increases
• B) consumers expect the price of the good to increase in the future
• C) the price of a complementary good increases
• D) the number of inputs used to produce the good are increased

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Definitions:

Arithmetic Operator

Symbols used in mathematics and programming to denote operations like addition, subtraction, multiplication, and division.

Range Finder

A device or tool used to measure the distance from the observer to a target, commonly used in photography, golf, and surveying.

Cell References

Indicators that point to specific cells in a spreadsheet, used for calculations or to display their contents.

Formula

A mathematical or logical expression entered into a spreadsheet or software that performs calculations based on specified inputs or data.