ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A
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B
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C
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D
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Detailed explanation-1: -A change in the price of a good does not shift the demand curve.
Detailed explanation-2: -The price of the product does not lead to a shift in the demand curve.
Detailed explanation-3: -’1, The price of compact disc players fell over the past decade because a combination of improvina technology; rising incomes, and falling prices of compact discs caused the a) Demand curve for compact disc players to shift rightward faster than the supply curve of compact disc players shifted rightward.
Detailed explanation-4: -Which of the following will cause the demand curve for the Beatles’ compact discs to shift to the right? Due to the recent increase in the price of natural gas, the quantity of coal demanded by electric power generation plants has increased.
Detailed explanation-5: -In addition to the factors which can affect individual demand there are three factors that can cause the market demand curve to shift: a change in the number of consumers, a change in the distribution of tastes among consumers, a change in the distribution of income among consumers with different tastes.