Exhibit 3-2 Demand Curves

question 146

Multiple Choice

Exhibit 3-2 Demand curves
In Exhibit 3-2, the shift in the demand curve from D₁ to D₂ could have been caused by which of the following?

• A) Decrease in price.
• B) Increase in expected future prices.
• C) Increase in the price of a complement.
• D) Decrease in income if it is a normal good.

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Definitions:

Passenger

An individual who travels in a vehicle, like a car, plane, or train, but does not operate it.

Driving

The act of controlling and operating a vehicle.

ADHD

Attention Deficit Hyperactivity Disorder, a mental health disorder characterized by patterns of inattention, hyperactivity, and impulsivity.

School-Aged Children

Children in the age group that typically attend school, usually considered to be between the ages of 6 and 18.