Figure 4-7 -Refer to Figure 4-7.If the Demand Curve for Good X

question 67

Multiple Choice

Figure 4-7
-Refer to Figure 4-7.If the demand curve for Good X shifts from Da to Db,then

• A)firms would be willing to supply less of Good X than before at each possible price.
• B)people are willing to buy more of Good X than before at each possible price.
• C)people's incomes must have decreased.
• D)the price of Good X has decreased.

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Definitions:

Simple Annual Interest

Interest calculated once per year on the principal amount only, not on previously earned interest.

Investment Earn

The return or profit made on an investment over a certain period, including interest, dividends, and capital gains.

Interest Earning

Refers to the process by which money accrues interest over time in a savings account or investment.

Bank Account

A financial account maintained by a banking institution where a customer can deposit and withdraw money.