Microeconomics For Today (MindTap Course List)
Microeconomics For Today (MindTap Course List)
9th Edition
ISBN: 9781305887626
Author: Tucker
Publisher: Cengage
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Chapter 6.A, Problem 14SQ
To determine

Shift in budget line.

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Advertisement is one of the factors that influence customers to increase demand for a specific good. Explain how the budget line shift due to price change of good Y when the price of good X remains the same.
The quantity demanded isA) the amount of a good that consumers plan to purchase at a particular price.B) independent of the price of the good.C) independent of consumers' buying plans.D) always equal to the equilibrium quantity.
Normal goods are those for which demand decreases asA) the price of a substitute falls. B) the price of a complement falls. C) the good's own price rises. D) income decreases.
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