This Graph Depicts the Demand for a Normal Good

question 4

Multiple Choice

This graph depicts the demand for a normal good. A shift from B to A in the graph shown might be caused by:

• A) a decrease in the good's price.
• B) an increase in the good's price.
• C) a decrease in the price of a substitute.
• D) an increase in the price of a substitute.

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Definitions:

Employed

The state of having paid work; a person who performs work for wages or salary in a part-time or full-time position.

AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations, a federation of labor unions in the United States.

Manufacturing Firms

Companies involved in the transformation of raw materials, components, or parts into finished goods that meet a consumer's demand or specifications.

Unionized Workers

Employees who are members of a union, a group that negotiates with employers for better wages, benefits, and working conditions.