Economics · Theory of Demand
While analyzing the demand for good X, which of the following scenarios will result in a shift to the right of the demand curve for X?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A decrease in the income of consumers for a normal good X.
- 2An increase in the price of a good that is a substitute for good X.✓
- 3An increase in the price of a good that is a complement to good X.
- 4A decrease in the price of X.
Correct answer
An increase in the price of a good that is a substitute for good X.
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