Assume the Demand Curve for Product X Shifts to the Right

question 243

Multiple Choice

Assume the demand curve for product X shifts to the right. This might be caused by

• A) a decline in income if X is an inferior good.
• B) a decline in the price of Z if X and Z are substitute goods.
• C) a change in consumer tastes that is unfavorable to X.
• D) an increase in the price of Y if X and Y are complementary goods.

---

Definitions:

Tidal Energy

Renewable energy obtained by harnessing the movement of tides, typically through the use of tidal turbines or barrages, converting kinetic energy into electricity.

Energy Efficiency

The strategy of using less energy to provide the same service or perform the same task, which helps in reducing energy waste and improving economic efficiency.

Photovoltaic Cells

Semiconductor devices that convert sunlight directly into electricity through the photovoltaic effect.

Greenhouse Emissions

Gases released into the Earth's atmosphere that trap heat, contributing to the greenhouse effect and global warming.