our of the following five events might reasonably be responsible in shifting the demand curve for coffee to a new position. Point out the one which would not shift the demand curve and why? (a) A fall in the price of tea. (b) An increase in the money income of the consumers. (c) A widespread advertisement campaign undertaken by the producers of coffee. (d) A change in the habit of the consumers. (e) A rise in price of coffee.

our of the following five events might reasonably be responsible in shifting the demand curve for coffee to a new position. Point out the one which would not shift the demand curve and why? (a) A fall in the price of tea. (b) An increase in the money income of the consumers. (c) A widespread advertisement campaign undertaken by the producers of coffee. (d) A change in the habit of the consumers. (e) A rise in price of coffee.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 2DQ

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Question

Four of the following five events might reasonably be responsible in shifting the demand curve for coffee to a new position. Point out the one which would not shift the demand curve and why?

(a) A fall in the price of tea.
(b) An increase in the money income of the consumers.
(c) A widespread advertisement campaign undertaken by the producers of coffee.

(d) A change in the habit of the consumers.
(e) A rise in price of coffee.

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