2.For each of the following, explain whether there is a shift in market demand or amovement along the market demand curve for Brussel Sprouts and in which direction:а.Consumers' incomes increaseb. The price of Cauliflower increasesc. Consumers of Brussel Sprouts expect the price to decrease next month

A) consumers income increase Effect - there will be an increase in market demand that is market…

Answered: a. Consumers´ incomes increase b. The…

a. Consumers´ incomes increase b. The price of Cauliflower increases c. Consumers of Brussel Sprouts expect the price to decrease next month

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter4: Demand, Supply, And Markets

Section: Chapter Questions

Problem 2.3P

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Question

2.
For each of the following, explain whether there is a shift in market demand or a
movement along the market demand curve for Brussel Sprouts and in which direction:
а.
Consumers' incomes increase
b. The price of Cauliflower increases
c. Consumers of Brussel Sprouts expect the price to decrease next month

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