What might be the reason of a leftward shift in the demand-08831
What might be the reason of a leftward shift in the demand curve for product X?
This multiple choice question (MCQ) is related to the book/course vu eco401 Economics. It can also be found in vu eco401 Final Term - Quiz No.8.
What might be the reason of a leftward shift in the demand curve for product X?
A decrease in income if X is an inferior good.
An increase in income if X is a normal good.
An increase in the price of a product that is a close substitute for X.
An increase in the price of a product that is complementary to X.