Suppose Z Is a Normal Good

question 33

Multiple Choice

Suppose Z is a normal good.The equilibrium price and quantity of Z in the year 2013 was $25 and 60 units,respectively.In 2017,the equilibrium price of Z had increased to $35 and the equilibrium quantity had increased to 70 units.Other things remaining the same,which of the following could explain this change?

• A) A leftward shift of the supply curve of Z
• B) A rightward shift of the supply curve of Z
• C) A leftward shift of the demand curve for Z
• D) A rightward shift of the demand curve for Z

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Definitions:

Pitch Deck

A presentation that outlines a startup's or project's value proposition, business model, and goals, often used to secure investment.

Value Proposition

A strategic statement that explains the benefit a product or service offers to customers, highlighting its uniqueness and why it is better than other products or services.

Slide Deck

A collection of slides in a presentation, often used in business or educational settings to visually convey information.

Why Now

A question or argument that seeks to understand the timing or urgency of a particular action or decision.