(Figure: Demand Shift) Refer to the figure. Which of the following factors would cause the change in the figure? I. a decrease in the price of a complement good II. a decrease in the price of the product III. a decrease in the price of a substitute good IV. an increase in taxes
A) I only
B) II only
C) I, II, and III only
D) I and IV only

Question

(Figure: Demand Shift) Refer to the figure. Which of the following factors would cause the change in the figure?  I. a decrease in the price of a complement good II. a decrease in the price of the product III. a decrease in the price of a substitute good IV. an increase in taxes
A) I only 
B) II only 
C) I, II, and III only 
D) I and IV only

Quizplus · Accepted Answer

The Answer of (Figure: Demand Shift) Refer to the figure. Which of the following factors would cause the change in the figure?  I. a decrease in the price of a complement good II. a decrease in the price of the product III. a decrease in the price of a substitute good IV. an increase in taxes
A) I only 
B) II only 
C) I, II, and III only 
D) I and IV only

(Figure: Demand Shift) Refer to the Figure