A Rise in the Quantity Demanded of Lemons Can Be

question 30

Multiple Choice

A rise in the quantity demanded of lemons can be attributed to:

• A)a leftward shift in the supply curve of lemons.
• B)a lower price of lemons.
• C)a decline in the number of people drinking lemonade.
• D)an increase in the price of lime juice.

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Definitions:

Textile Industry

A sector engaged in the production of yarn, cloth, and the subsequent design or manufacture of clothing and their distribution.

Athletic Performance

The level of achievement and proficiency demonstrated by an athlete or sports participant in competitive settings.

Utility

In economics, the satisfaction or benefit derived from the consumption of goods or services.

Ultimate Consumer

The final purchaser and user of a product or service, as opposed to an intermediary or a business buyer.