If the Price Level Increases,everything Else Held Constant,the ________ Curve

question 36

Multiple Choice

If the price level increases,everything else held constant,the ________ curve shifts to the ________.

• A)IS;right
• B)IS;left
• C)LM;left
• D)LM;right

---

Definitions:

Search Properties

Characteristics of a product or service that can be easily assessed prior to purchase, such as color, style, or price.

Experience Properties

Characteristics or features of a product or service that contribute to the customer's direct interaction and overall experience.

Credence Properties

Attributes of a product or service that cannot be easily assessed by consumers before or after purchase, often leading to reliance on brand trust or quality signals.

Quality

The degree to which a product or service meets or exceeds customer expectations in terms of reliability, durability, and performance.