If the price of light bulbs rises, what happens to light bulb's demand curve? Light bulb's demand curve does not change. Light bulb's demand curve shifts to the right. O Light bulb's demand curve shifts right because light bulbs are an inferior good. Light bulb's supply curve shifts to the right.

Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 3CQQ
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If the price of light bulbs rises, what happens to light bulb's demand curve?
Light bulb's demand curve does not change.
Light bulb's demand curve shifts to the right.
Light bulb's demand curve shifts right because light bulbs are an inferior good.
O Light bulb's supply curve shifts to the right.
Transcribed Image Text:If the price of light bulbs rises, what happens to light bulb's demand curve? Light bulb's demand curve does not change. Light bulb's demand curve shifts to the right. Light bulb's demand curve shifts right because light bulbs are an inferior good. O Light bulb's supply curve shifts to the right.
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