Gruel is an inferior good hence a decrease in peoples

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Gruel is an inferior good. Hence, a decrease in people’s incomes A) shifts the supply curve of gruel leftward. B) decreases the quantity of gruel supplied. C) shifts the demand curve for gruel rightward. D) shifts the demand curve for gruel leftward. Answer: C
When economists speak of preferences as influencing demand, they are referring to
An unusually warm winter
B) shifts the supply curve of gloves leftward. C) shifts the demand curve for gloves rightward. D) shifts the demand curve for gloves leftward. Answer: D In 2000 there were 200,000 gas grills demanded at a price of $500. In 2001 there were more than 200,000 gas grills demanded at the same price. This increase could be the result any of the following EXCEPT
A change in the price of a good A) shifts the good’s demand curve and also causes a movement along it. B) shifts the good’s demand curve but does not cause a movement along it. C) does not shift the good’s demand curve but does cause a movement along it. D) neither shifts the good’s demand curve nor causes a movement along it. Answer: C
A reduction in the price of a good
A decrease in quantity demanded caused by an increase in price is represented by a
A change in which of the following alters buying plans for cars but does NOT shift the demand curve for cars?

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