Asked by
Manal Baabdullah
on Dec 08, 2024
Verified
A movement along the demand curve to the right may be caused by a(n)
A) decrease in income.
B) increase in supply.
C) fall in the number of substitute goods.
D) rise in the price of inputs.
Substitute Goods
Substitute goods are products or services that can be used in place of each other, fulfilling similar needs or desires.
- Identify the significance of normal and inferior goods, along with how changes in income and prices influence market movements.
Verified Answer
CL
Learning Objectives
- Identify the significance of normal and inferior goods, along with how changes in income and prices influence market movements.