Which one of the following changes would not shift the demand curve for a good or service?

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Which of the following changes would not shift the demand curve for a good or service?a. a change in incomeb. a change in the price of the good or servicec. a change in expectations about the future price of the good or serviced. a change in the price of a related good or serviceB.a change in the price of the good or serviceGood X and good Y are substitutes. If the price of good Y increases, then thea. demand for good X will decrease.b. quantity demanded of good X will decrease.c. demand for good X will increase.d. quantity demanded of good X will increase.C.demand for good X will increase.Which of the following would not shift the supply curve for mp3 players?a. an increase in the price of mp3 players

b. a decrease in the number of sellers of mp3 playersc. an increase in the price of plastic, an input into the production of mp3 playersd. an improvement in the technology used to produce mp3 playersA.an increase in the price of mp3 playersWhich of the following statements about the price elasticity of demand is correct?a. The price elasticity of demand for a good measures the willingness of buyers of the goodto buy less of the good as its price increases.b. Price elasticity of demand reflects the many economic, psychological, and social forcesthat shape consumer tastes.c. Other things equal, if good x has close substitutes and good y does not have closesubstitutes, then the demand for good x will be more elastic than the demand for good y.d. All of the above are correct.D.All of the above are correct.Economists compute the price elasticity of demand as thea. percentage change in price divided by the percentage change in quantity demanded.b. change in quantity demanded divided by the change in the price.c. percentage change in quantity demanded divided by the percentage change in price.d. percentage change in quantity demanded divided by the percentage change in income.C.percentage change in quantity demanded divided by the percentage change in price.If the price elasticity of demand for a good is 10.0, then a 4 percent increase in price results in aa. 0.4 percent decrease in the quantity demanded.b. 2.5 percent decrease in the quantity demanded.c. 4 percent decrease in the quantity demanded.d. 40 percent decrease in the quantity demanded.D.40 percent decrease in the quantity demanded.For a particular good, a 5 percent increase in price causes a 15 percent decrease in quantity demanded.Which of the following statements is most likely applicable to this good?a. There are many substitutes for this good.b. The good is a necessity.c. The market for the good is broadly defined.d. The relevant time horizon is short.A.There are many substitutes for this good.As we move downward and to the right along a linear, downward-sloping demand curve,a. both slope and elasticity remain constant.

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