A contraction of demand is caused by

a fall in the consumer's incomeCorrect answerYour answera rise in the good's own priceCorrect answerYour answera change in tastesCorrect answerYour answera fall in the price of a substituteCorrect answerYour answer

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CorrectNot quiteAnswer B

Correct answer: B

Contraction is a movement up the same demand curve, which only a rise in own price causes.
The other changes shift the curve (a decrease in demand).

Concept: Contraction of demand
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsMovement along and shift of the curve

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A contraction of demand is caused by

Explanation