Economics · Microeconomics
An outward shift in the market demand curve (consumers buying larger quantities at each possible price) CANNOT be caused by which of the following factors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A rise in consumer incomes if the good is classified as an inferior good✓
- 2Consumer expectations that the price of the good will be higher in the near future
- 3A favourable change in consumer tastes and preferences toward the good
- 4An increase in the total number of buyers in the market
Correct answer
A rise in consumer incomes if the good is classified as an inferior good
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