Exhibit 4-1 Consider Exhibit 4-1 Which Shows 3 Demand

Exhibit 4-1 Consider Exhibit 4-1 which shows 3 demand curves for corn flakes.Which of the following would be most likely to shift the demand curve from D₀ to D₁?

A) a report that eating corn flakes reduces the risk of cancer
B) an increase in consumer incomes if corn flakes is an inferior good
C) a decrease in the price of oatmeal which many consumers consider to be a substitute for corn flakes
D) an increase in the price milk which many consumers consider to be complement for corn flakes
E) a decrease in the number of consumers

Correct Answer:

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