subject
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.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 14:50, demarcuswiseman
Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)
Answers: 2
image
Business, 22.06.2019 19:40, apodoltsev2021
Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.
Answers: 1
image
Business, 22.06.2019 21:50, edgarsandoval60
By which distribution system is more than 90 percent of u. s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above
Answers: 1
image
Business, 22.06.2019 23:30, Calumworthy6046
Which career pathways require workers to train at special academies? a. emts and emergency dispatchers b. crossing guards and lifeguards c. police officers and firefighters d. lawyers and judges
Answers: 3
You know the right answer?
Consider the demand for avocados. Does an increase in average income cause a shift of the demand cur...

Questions in other subjects:

Konu
Mathematics, 14.12.2020 18:00
Konu
Mathematics, 14.12.2020 18:00