The Figure Below Shows Three Demand Curves for Coffee

question 114

Multiple Choice

The figure below shows three demand curves for coffee. Which of the following would cause a shift in coffee demand from D₁ to D₂?

• A) a decrease in the price of tea
• B) an increase in consumer incomes
• C) an increase in the prices of cream and sugar
• D) a decrease in the price of coffee

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Definitions:

Value

A numerical quantity, character, or boolean state representing data, settings, or measurement outcomes used in calculations, decision-making processes, or as input/output in systems.

N7:2

Represents a specific data register or memory location in certain programmable logic controllers.

Value

The specific data, content, or quantity assigned to a variable or represented by an expression.