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Exhibit 4-1 -Consider Exhibit 4-1 Which Shows 3 Demand Curves for Corn

Question 2

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Exhibit 4-1 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 D<sub>0</sub> to D<sub>1</sub>? A) a report that eating corn flakes increases the risk of cancer B) a decrease in consumer incomes if corn flakes is a normal good C) a decrease in the price of oatmeal which many consumers consider to be a substitute for corn flakes D) a decrease in the price milk which many consumers consider to be complement for corn flakes E) a widely anticipated recession
-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 increases the risk of cancer
B) a decrease in consumer incomes if corn flakes is a normal good
C) a decrease in the price of oatmeal which many consumers consider to be a substitute for corn flakes
D) a decrease in the price milk which many consumers consider to be complement for corn flakes
E) a widely anticipated recession

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