The Demand Curve for a Good Will Shift Leftward If

question 73

Multiple Choice

The demand curve for a good will shift leftward if there is:

• A)a change in the technology used to produce the good.
• B)an increase in the price of the good.
• C)an increase in the price of a complementary good.
• D)a decrease in the price of the good.

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Definitions:

Pew Research Center

A nonpartisan fact tank that provides information on social issues, public opinion, and demographic trends shaping the world.

Social Norms

Implicit rules or guidelines within a society or group that dictate acceptable behaviors, values, and beliefs.

Collective Behavior

How groups of individuals act together in a shared context, often leading to emergent social phenomena.

Moderators

Variables or factors that alter the strength or direction of the relationship between an independent and a dependent variable.