Figure 2.7 -Refer to Figure 2.7. Assume That D₁ and S₁ Are

question 33

Multiple Choice

Figure 2.7

-Refer to Figure 2.7. Assume that D₁ and S₁ are the initial curves. The shift in demand to D₂ is most likely the result of

• A) an increase in the number of consumers.
• B) an increase in expected income.
• C) an increase in the price of a substitute good.
• D) pessimistic producer expectations.
• E) a shift in consumer tastes away from the product.

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