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Category > Economics Posted 22 Jun 2017 My Price 4.00

Movements along versus shifts of demand curves

3. Movements along versus shifts of demand curves

 

Consider the market demand for wine.

Complete the following table by indicating whether an event will cause a movement along the demand curve for wine or a shift of the demand curve for wine, holding all else constant.

Event

 

A change in the expectations of consumers about their future income (movement along or shift)

 

A decrease in the price of wine (Movement along or shift)

 

A decrease in the number of consumers (movement along or shift)

Answers

SuperTutor
(15)
Status NEW Posted 22 Jun 2017 04:06 AM My Price 4.00

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