Use the Figure Below to Answer the Following Question(s)

question 170

Multiple Choice

Use the figure below to answer the following question(s) . Figure 3-3
In Figure 3-3, if the initial demand for margarine were D₁, the impact of an increase in the price of margarine from $0.35 to $0.40 per pound on consumer purchases would be illustrated as

• A) a shift in the demand curve to D₂.
• B) a shift in the demand curve to D₃.
• C) a movement upward to the left along the original demand curve D₁.
• D) none of the above.

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