Multiple Choice
Use the figure below to answer the following question(s) .
Figure 3-3
-In Figure 3-3, if the initial demand for margarine were D1, the impact of an increase in the price of margarine from $0.35 to $0.40 per pound on consumer purchases would be illustrated as
A) a shift in the demand curve to D2.
B) a shift in the demand curve to D3.
C) a movement upward to the left along the original demand curve D1.
D) none of the above.
Correct Answer:
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