Suppose it is observed that initially increases in income cause consumption of hamburger to rise but that as income continues to rise consumption of hamburger begins to decline. We move along the supply curve. Answers to these quiz questions are also available.
All of the Above When college students leave town for the summer, the demand for meals at the local restaurants declines. This is not simply a move along the demand curve.
As a household's average income rises, we usually expect: A. The supply curve shifts right. Answer: No. Which of the following will NOT, all else equal, cause demand for good A to change?
Consider automobiles and automobile tires. This would imply that hamburger: A.