Which of the Following Would Cause a Normal Good's Demand

question 31

Multiple Choice

Which of the following would cause a normal good's demand curve to shift to the left?

• A) Income decreases.
• B) Income increases.
• C) The price increases.
• D) The price decreases.
• E) The input prices increase.

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Definitions:

Inductive Reasoning

Using specific observations and the process of logic and reasoning to arrive at general scientific principles.

Hypothesis

A hypothesis is a proposed explanation for a phenomenon, made as a starting point for further investigation, validation, or refutation through experimentation and observation.

Fungi

A kingdom of spore-producing organisms feeding on organic matter, including molds, yeast, mushrooms, and toadstools.

Scientific Names

A standardized two-part nomenclature used in biology to uniquely identify species, comprising a genus name followed by a species name.