Exhibit 3-2 Demand Curves

question 185

Multiple Choice

Exhibit 3-2 Demand curves

-In Exhibit 3-2,the shift in the demand curve from D₁ to D₂ could have been caused by which of the following?

• A) Decrease in price.
• B) Increase in expected future prices.
• C) Increase in the price of a complement.
• D) Decrease in income if it is a normal good.

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Definitions:

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Theory Y

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