QUESTION 3 The diagram shows the demand curve for good Z. What could cause a movement along the curve from A to B? price quantity O A. an increase in the price of a substitute good

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
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QUESTION 3
The diagram shows the demand curve for good Z. What could cause a movement along the curve from A to B?
A
price
quantity
O A. an increase in the price of a substitute good
B. a change in consumer tastes in favour of Z
O C.a decrease in labour costs of producing Z
O D.a decrease in the demand for Z
B.
Transcribed Image Text:QUESTION 3 The diagram shows the demand curve for good Z. What could cause a movement along the curve from A to B? A price quantity O A. an increase in the price of a substitute good B. a change in consumer tastes in favour of Z O C.a decrease in labour costs of producing Z O D.a decrease in the demand for Z B.
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