Asked by
Dominic Iaquinto
on Oct 12, 2024Verified
A leftward shift of the entire demand curve could be caused by
A) a decrease in the number of buyers.
B) a change in taste away from the good.
C) an increase in income if the good is inferior.
D) an increase in the price of a complement.
E) All of the choices cause a leftward shift of the entire demand curve.
Demand Curve
An image that depicts how the price level of a good or service influences its required quantity within a designated period.
Number of Buyers
The total quantity of individuals or entities in a market that are potential or actual purchasers of goods and services.
Complement
A good or service that is used in conjunction with another good or service, often enhancing the value or use of the primary product.
- Assess how alterations in consumer expectations, incomes, and prices influence market demand.
Verified Answer
MC
Learning Objectives
- Assess how alterations in consumer expectations, incomes, and prices influence market demand.