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Demand & Its Determinants · Question 54 of 66

Question 54

MediumOriginal question

Which pair is correctly matched?

Options for question 54

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. A rise in own price moves buyers up the curve: contraction.

  2. Higher income raises a normal good's demand (increase); a cheaper substitute lowers it (decrease); own-price fall is an extension.

Concept
Terms of change in demand
Typical time
70 s
Your time
—
The rule this testsMovement along and shift of the curve
Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.

Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.