The Following Figure Shows the Demand Curves for Baby Formula

question 72

Multiple Choice

The following figure shows the demand curves for baby formula.Which of the following changes is likely to happen if the price of baby formula increases? Figure 4.1

• A)A shift in the demand curve from D₁ to D₂
• B)A movement along the demand curve D₁ from point a to point b
• C)A shift in the demand curve from D₂ to D₁
• D)A movement along the demand curve D₂ from point d to point c
• E)A movement from point b on the demand curve D₁ to point c on the demand curve D₂

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