Which of the following will result in a decrease in demand ie a leftward shift?

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Which of the following will result in a decrease in demand is a leftward shift of the demand curve )?
What is the result of a leftward shift in demand?
Which of the following will result in decrease in demand?
What forces can cause demand to decrease shift to the left?

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INSTRUCTIONS: Select the BEST answer for each question by marking the circle next to your selection, then click on the [Grade the Test] button at the bottom.

An increase in the price of a product will reduce the amount of it purchased because:

A.	supply curves are upsloping.

B.	the higher price means that real incomes have risen.

C.	consumers will substitute other products for the one whose price has risen.

D.	consumers substitute relatively high-priced for relatively low-priced products.

Which of the following will not cause the demand for product K to change?

A.	a change in the price of close-substitute product J

B.	an increase in consumer incomes

C.	a change in the price of K

D.	a change in consumer tastes

Which of the following would not shift the demand curve for beef?

A.	a widely publicized study which indicates beef increases one's cholesterol

B.	a reduction in the price of cattle feed

C.	an effective advertising campaign by pork producers

D.	a change in the incomes of beef consumers

4.	If the price of K declines, the demand curve for the complementary product J will:

A firm's supply curve is upsloping because:

A.	the expansion of production necessitates the use of qualitatively inferior inputs.

B.	mass production economies are associated with larger levels of output.

C.	consumers envision a positive relationship between price and quality.

D.	beyond some point the production costs of additional units of output will rise.

R-1 F03083

Refer to the above diagram. The equilibrium price and quantity in this market will be:

R-2 F03090

Refer to the above diagram. A price of $20 in this market will result in:

B.	a shortage of 50 units.

C.	a surplus of 50 units.

D.	a surplus of 100 units.

E.	a shortage of 100 units.

R-3 F03140

Which of the above diagrams illustrate(s) the effect of a decrease in incomes upon the market for secondhand clothing?

R-3 F03140

Which of the above diagrams illustrate(s) the effect of a governmental subsidy on the market for AIDS research?

10.

An effective ceiling price will:

A.	induce new firms to enter the industry.

B.	result in a product surplus.

C.	result in a product shortage.

This is the end of the test. When you have completed all the questions and reviewed your answers, press the button below to grade the test.

Which of the following will result in a decrease in demand is a leftward shift of the demand curve )?

A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve for an inferior good shifts to the left.

What is the result of a leftward shift in demand?

Demand Curve Shifts Left That means less of the good or service is demanded. That happens during a recession when buyers' incomes drop. They will buy less of everything, even though the price is the same.

Which of the following will result in decrease in demand?

In economics, an inferior good is a good whose quantity demanded decreases when consumer income rises (or quantity demanded rises when consumer income decreases), unlike normal goods, for which the opposite is observed. If income decreases, the quantity of normal goods demanded will also decrease.

What forces can cause demand to decrease shift to the left?

Then, when the demand curve shifts to the left, this shows a decrease in demand at each price..

Change in Taste and Preferences. ... .

Population Increase or Decrease. ... .

Price Change of a Related Good. ... .

Change in the Expected Future Prices. ... .

Change in the Income Level of Buyers..

Which of the following will result in a decrease in demand ie a leftward shift?

Which of the following will result in a decrease in demand is a leftward shift of the demand curve )?

What is the result of a leftward shift in demand?

Which of the following will result in decrease in demand?

What forces can cause demand to decrease shift to the left?

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