A rightward shift of the demand curve product Z can be reasonably explained by saying that: Multiple Choice consumer incomes have declined and they now want to buy less of Z at each possible price. the price of Z has increased and, as a result, consumers want to purchase less of it. the price of Z has declined and, as a result, consumers want to purchase more of it. there has been no change in consumer preferences. consumer preferences have changed in favour of Z so that they now want to buy more at each possible price.
A rightward shift of the demand curve product Z can be reasonably explained by saying that: Multiple Choice consumer incomes have declined and they now want to buy less of Z at each possible price. the price of Z has increased and, as a result, consumers want to purchase less of it. the price of Z has declined and, as a result, consumers want to purchase more of it. there has been no change in consumer preferences. consumer preferences have changed in favour of Z so that they now want to buy more at each possible price.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 8QFR
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