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ECO401 - Economics

Question(s) similar to the following:

The demand curve for eggs is downward-sloping. Suddenly the price of eggs decreases from Rs.60/- per dozen to Rs.50/- per dozen. This will cause:

Question 1: The demand curve for eggs is downward-sloping. Suddenly the price of eggs decreases from Rs.60/- per dozen to Rs.50/- per dozen. This will cause:

The demand curve for eggs to shift leftward.
Quantity demanded of eggs to decrease.
The demand curve for eggs to shift rightward.
Quantity demanded of eggs to increase.

Similar Questions:

Question 2: The demand curve for eggs is downward-sloping. Suddenly the price of eggs decreases from Rs.60/- per dozen to Rs.50/- per dozen. This will cause:

The demand curve for eggs to shift leftward.
Quantity demanded of eggs to decrease.
The demand curve for eggs to shift rightward.
Quantity demanded of eggs to increase.

Question 3: The demand curve for eggs is downward-sloping. Suddenly the price of eggs increases from Rs.80/- per dozen to Rs.100/- per dozen. This will cause:

The demand curve for eggs to shift leftward
Quantity demanded of eggs to decrease
The demand curve for eggs to shift rightward
Quantity demanded of eggs to increase
Quizzes of ECO401 - Economics
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