Which one of the following will not give rise to a decrease in the demand for butter, illustrated by a leftward shift of the demand curve? A. An increase in the price of butter. B. A decrease in consumers’ incomes. C. A decrease in the number of consumers in the market. D. A decrease in the price of margarine (a substitute). E. A research finding which indicates that butter is bad for your health.

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
Problem 5TY
icon
Related questions
Question

Which one of the following will not give rise to a decrease in the demand for butter, illustrated by a
leftward shift of the demand curve?
A. An increase in the price of butter.
B. A decrease in consumers’ incomes.
C. A decrease in the number of consumers in the market.
D. A decrease in the price of margarine (a substitute).
E. A research finding which indicates that butter is bad for your health.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Private Information about Consumer Type
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
Economics
ISBN:
9781337794992
Author:
William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:
Cengage Learning
MACROECONOMICS
MACROECONOMICS
Economics
ISBN:
9781337794985
Author:
Baumol
Publisher:
CENGAGE L
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc