9 Not yet arwered Plets out of rRag question Rgure: Shiting Demancd Prico 1100 8

Question

9 Not yet arwered Plets out of rRag question Rgure: Shiting Demancd Prico 1100 80 40 20 0 20 400 100 Quantity n the diagram, which of the falleowing factors wouild cause the demand curve to shit from to D Select one a. e decrease in the price of a complement good 0 Can increase in the populanion d. an increase in the price of a subtiute good 10 Nat yet anpwered Points out of rRlag question A change in price is reflected by a movement along the same demand curve while a change in demand refers to a shift of the ensire demand curve Select one

Explanation / Answer

9. An decrease in price of complementary good, increase in price of substitute good and increase in population would lead to increased demand for the given good except when income of individuals increases and it’s an inferior good.

OPTION C

10. The Statement holds true.

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