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Economics

1. Which of the following would NOT shift the demand curve for a good?

A- A change in income (if the good is an inferior good).

B- A change in the price of the good.

C- A change in the price of a related good.

D- A change in the expectations about the future price of the good.

E- All of the above will shift the demand curve for a good.

2. The primary difference between a change in demand and a change in quantity demanded is:

A- A change in demand is a movement along the demand curve and a change in quantity demanded is a shift in the demand curve.

B- A change in quantity demanded is a movement along the demand curve and a change in demand is a shift in the demand curve.

C- Both are shifts in the demand curve, only in different directions.

D- Both are movements along the demand curve, only in different directions.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229141

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