Which of the following will cause a movement along the demand curve for good $X$ ? a. A change in the price of a close substitute b. A change in the price of good $X$ c. A change in consumer tastes and preferences for good $X$ d. A change in consumer income
Added by Gregory M.
Step 1
A change in the price of a close substitute: This will not cause a movement along the demand curve for good X, but rather a shift in the demand curve. If the price of a close substitute increases, consumers may buy more of good X, shifting the demand curve to the Show more…
Show all steps
Your feedback will help us improve your experience
Juan Nicolás and 56 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
An increase in consumer income, other things being equal, will a. shift the supply curve for a normal good to the right. b. cause an upward movement along the demand curve for an inferior good. c. shift the demand curve for an inferior good to the left. d. cause a downward movement along the supply curve for a normal good.
Prashant B.
Which of the following choices would cause a leftward shift of the supply curve and a rightward shift of the demand curve? a. an increase in the price of a complement in production; an expectation by consumers of a lower price b. a decrease in the cost of an input; a decrease in the price of a complement c. an expectation by firms of a higher price; an increase in income in the case of an inferior good d. a decrease in productivity; an expectation by consumers of higher income e. an increase in taxes; a negative change in consumers tastes
Nick J.
3. Movie tickets and film streaming services are substitutes. If the price of film streaming increases, what happens in the market for movie tickets? a. The supply curve shifts to the left. b. The supply curve shifts to the right. c. The demand curve shifts to the left. d. The demand curve shifts to the right.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD