Figure 2.3 -In Figure 2.3, the Initial Demand Curve Is D₁ and Curve

question 112

Multiple Choice

Figure 2.3

-In Figure 2.3, the initial demand curve is D₁ and the supply curve is S₁. Which of the following would most likely change equilibrium from point A to point D?

• A) An increase in income
• B) A decrease in the price of good X
• C) An increase in the price of a complementary good
• D) Lower productivity
• E) An increase in the price of a substitute good

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