Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 5, Problem 7MCQ
To determine
The question requires us to determine the cause which will increase the demand for diapers.
Expert Solution & Answer
Explanation of Solution
The quantity demanded and the prices of the good have a negative relationship, in accordance with the
So, a decrease in the price of disposable diapers will cause the demand for disposable diapers to increase.
Option “e” is correct.
Economics Concept Introduction
The demand for a commodity will change due to the following reasons:
- Change in price of relative goods (substitutes and complementary products)
- Change in taste and preferences
- Change in peoples’ income level
- Change in expectations
- Change in the number of consumers
Any change in the price of the commodity changes the quantity demanded.
Chapter 5 Solutions
Krugman's Economics For The Ap® Course
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