Business, 19.01.2021 14:00 ewoolbright
Consider the demand for avocados. Does an increase in average income cause a shift of the demand curve for avocados or a movement along the demand curve? Explain briefly An increase in average income causes
A. a shift of the avocado demand curve because only a change in the price of avocados causes a movement along the avocado demand curve.
B. a movement along the demand curve for avocados but a shift in the supply curve for avocados.
C. a shift of the avocado demand curve because consumers will not spend any of the new income
D. a shift of the avocado demand curve because all factors including the price of avocados cause quantity to change for a given price.
Answers: 1
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Consider the demand for avocados. Does an increase in average income cause a shift of the demand cur...
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