Assume the Graph Shown Represents the Market for Button-Up Shirts

question 39

Multiple Choice

Assume the graph shown represents the market for button-up shirts and was originally in equilibrium where demand (D) and supply (S) intersect. What type of shock might cause the demand curve to shift to D₂?

• A)An increase in the price of buttons
• B)An increase in the price of ties
• C)An increase in the price of sweatshirts
• D)An increase in consumers' incomes