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5. Which of the following would most likely cause the current demand for video cassette recorders VCRs to fall?
5. Which of the following would most likely cause the current demand for video cassette recorders VCRs to fall? A. an increase in consumer income b. an increase in the price of VCRs c. an increase in the price of laser disc players, a substitute good d. the expectation that the price of VCRs will decrease sharply during the next six months 6. Which of the following would be most likely to cause the demand for Miller beer to increase? A. an increase in the price of Budweiser beer b. a decrease in consumer income c. a decrease in the price of barley used to make Miller beer d. a decrease in the price of Miller beer 7. All things constant, a decrease in bus, train, and airplane fares will a. shift the demand curve for automobiles to the left. B. cause a movement along the demand curve for automobiles. C. shift the demand curve for automobiles to the right. D. have no impact on the demand curve for automobiles.
