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  3. ECON for Macroeconomics
  4. Quiz 4: Demand,Supply,and Markets

Which of the Following Will Cause the Demand Curve for a Normal

Question 55
Multiple Choice

Which of the following will cause the demand curve for a normal good to shift to the right? A) a decrease in income B) an increase in the price of a complementary good C) a decrease in the price of the good D) an increase in the price of a substitute good E) an expectation of a future price decline

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Q 56
An increase in the price of butter,a substitute good,would be most likely to cause A) a rightward shift of the demand curve for margarine B) a leftward shift of the demand curve for margarine C) the quantity of margarine demanded to increase D) the quantity of margarine demanded to decrease E) a decrease in the price of margarine
Q 57
Sugar and honey are viewed as substitutes for each other in many cooking applications.If the price of sugar rises,we would expect A) the demand for honey to increase B) the demand for honey to decrease C) the quantity demanded of honey to decrease D) the price of honey to decrease E) the quantity demanded of honey to increase
Q 58
Which of the following is the best example of complements? A) milk and cheese B) coffee and tea C) CDs and DVDs D) hiking boots and athletic shoes E) film and film processing (developing)
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