Refer to the diagram, which shows demand and supply conditions in the competitive market for product Y. A shift in the demand curve from Do to D₁ might be caused by an)

a) favorable change in consumer taste for Y.
b) Increase in the price of substitute product X.
c) increase in the number of buyers for product Y.
d) decrease in money incomes if Y is a normal good.

Question

29-06-2024
Business

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Refer to the diagram, which shows demand and supply conditions in the competitive market for product Y. A shift in the demand curve from Do to D₁ might be caused by an)

a) favorable change in consumer taste for Y.
b) Increase in the price of substitute product X.
c) increase in the number of buyers for product Y.
d) decrease in money incomes if Y is a normal good.

Refer To The Diagram Which Shows Demand And Supply Conditions In The Competitive Market For Product Y A Shift In The Demand Curve From Do To D Might Be Caused B class=

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