A Leftward Shift of the Entire Demand Curve Could Be

question 203

Multiple Choice

A leftward shift of the entire demand curve could be caused by

• A)a decrease in the number of buyers.
• B)a change in taste away from the good.
• C)an increase in income if the good is inferior.
• D)an increase in the price of a complement.
• E)All of the choices cause a leftward shift of the entire demand curve.

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Definitions:

Sport Utility Vehicles

Large vehicles combining the features of passenger cars with off-road capabilities and increased cargo space.

Gasoline Consumption

The total volume of gasoline used by vehicles or industries within a specific period.

Market Equilibrium

A market state where the supply of goods matches demand, with stable prices and quantities.