Refer to Figure 3.13. Assume hamburgers are a normal good. A decrease in income will cause a movement from

A) Point A to Point B.
B) Point G to Point F.
C) D_{2 to}D₁.
D) S_{2 to}S₁.

Question

Refer to Figure 3.13. Assume hamburgers are a normal good. A decrease in income will cause a movement fromA)  Point A to Point B.B)  Point G to Point F.C)  D 2 to  D 1 .D)  S 2 to  S 1 .

rajesh maylipilli · Accepted Answer

Final Answer : C, Explanation :  A decrease in income will cause the demand for a normal good, like hamburgers, to decrease, resulting in a shift from a higher demand curve (D2) to a lower demand curve (D1).

Refer to Figure 3.13. Assume hamburgers are a normal good. A decrease in income will cause a movement from

A) Point A to Point B.
B) Point G to Point F.
C) D_{2 to}D₁.
D) S_{2 to}S₁.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 3.13. Assume hamburgers are a normal good. A decrease in income will cause a movement fromA) Point A to Point B.B) Point G to Point F.C) D2 to D1.D) S2 to S1.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 3.13. Assume hamburgers are a normal good. A decrease in income will cause a movement from

A) Point A to Point B.
B) Point G to Point F.
C) D_{2 to}D₁.
D) S_{2 to}S₁.