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A rightward shift of the demand curve product Z can be reasonably explained by saying that: Multiple Choice consumer incomes have declined and they now want to buy less of Z at each possible price. the price of Z has increased and, as a result, consumers want to purchase less of it. the price of Z has declined and, as a result, consumers want to purchase more of it. there has been no change in consumer preferences. consumer preferences have changed in favour of Z so that they now want to buy more at each possible price.

A rightward shift of the demand curve product Z can be reasonably explained by saying that: Multiple Choice consumer incomes have declined and they now want to buy less of Z at each possible price. the price of Z has increased and, as a result, consumers want to purchase less of it. the price of Z has declined and, as a result, consumers want to purchase more of it. there has been no change in consumer preferences. consumer preferences have changed in favour of Z so that they now want to buy more at each possible price.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A rightward shift of the demand curve product Z can be reasonably explained by saying that: Multiple Choice consumer incomes have declined and they now want to buy less of Z at each possible price. the price of Z has increased and, as a result, consumers want to purchase less of it. the price of Z has declined and, as a result, consumers want to purchase more of it. there has been no change in consumer preferences. consumer preferences have changed in favour of Z so that they now want to buy more at each possible price.
Transcribed Image Text:A rightward shift of the demand curve product Z can be reasonably explained by saying that: Multiple Choice consumer incomes have declined and they now want to buy less of Z at each possible price. the price of Z has increased and, as a result, consumers want to purchase less of it. the price of Z has declined and, as a result, consumers want to purchase more of it. there has been no change in consumer preferences. consumer preferences have changed in favour of Z so that they now want to buy more at each possible price.
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