Ray's Company Just Announced That Everyone Will Be Getting Their

question 72

Multiple Choice

Ray's company just announced that everyone will be getting their pay cut by 5% in order to avoid having to close down.Ray's demand for coffee,a normal good,will likely:

• A) decrease, and his demand curve will shift to the right.
• B) decrease, and his demand curve will shift to the left.
• C) increase, and his demand curve will shift to the right.
• D) increase, and his demand curve will shift to the left.

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Definitions:

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