A rise in income will, ceteris paribus, bring about
Question
A rise in income will, ceteris paribus, bring aboutOptions
A)
a movement along the demand curve
B)
a leftward shift of the demand curve
C)
a rightward shift of the demand curve
D)
no effect on the demand curve
Related Lesson: The Ceteris Paribus Assumption | Demand and Supply
The correct answer is B.
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Discussion
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