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Chapter 3 PQ - Exam Name MULTIPLE CHOICE Choose the one...

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Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)Which of the following will not shift the demand curve for a good? A)An increase in consumer incomes. B)A decrease in the price of a substitute good. C)An increase in population. D)An increase in the price of the good. 1) 2)If the price of automobiles were to increase, then 2) 3)Technological advances have resulted in lower prices for digital cameras. What is the impact of this on the market for traditional (non - digital) cameras? 3) 4)Christopher Tang has argued that supermarkets should not necessarily remove goods from their shelves even if they are not selling well. Which of the following explains Tang's reasoning? 4)
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