Which of the following does NOT cause a shift in demand? O change in the price of a related good - substitutes or complements O change in tastes and preferences O change in income O change in the price of the good

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 20RQ: What is the difference between the demand and the quantity demanded of a product, say milk? Explain...
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Which of the following does NOT cause a shift in demand?
O change in the price of a related good - substitutes or complements
O change in tastes and preferences
O change in income
O change in the price of the good
Transcribed Image Text:Which of the following does NOT cause a shift in demand? O change in the price of a related good - substitutes or complements O change in tastes and preferences O change in income O change in the price of the good
All of the following will cause the supply curve of good A to shift rightward except
O a reduction in the cost of items used to produce good A.
an increase in technology.
an increase in the number of firms in the industry producing good A.
an increase in the price of good A.
Transcribed Image Text:All of the following will cause the supply curve of good A to shift rightward except O a reduction in the cost of items used to produce good A. an increase in technology. an increase in the number of firms in the industry producing good A. an increase in the price of good A.
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