Which of the Following Could Lead to a Rise in the Quantity

question 40

Multiple Choice

Which of the following could lead to a rise in the quantity demanded of lemons?

• A)a leftward shift in the supply curve of lemons
• B)a rightward shift in the supply curve of lemons
• C)a decline in the number of people drinking lemonade
• D)a decrease in the price of artificial lemon flavouring
• E)a cold spell which makes people want less lemonade

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Definitions:

Marginal Utility

The additional satisfaction or utility received by consuming one more unit of a good or service.

Total Utility

The overall pleasure or value derived by using a certain amount of an item or service.

Marginal Utility

The extra pleasure or benefit a buyer receives from purchasing an additional unit of a product or service.

Total Utility

The overall satisfaction or fulfillment a consumer derives from consuming a particular quantity of goods or services.