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tuggy tuggy
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7 years ago
Z is a normal good. The equilibrium price and equilibrium quantity of Z in the year 2011 was $25 and 60 units, respectively. It was seen that, in 2014, the equilibrium price of Z had decreased to $15, but the equilibrium quantity had increased to 70 units. Other things remaining the same, which of the following could explain this change?
A) Shift of the supply curve of Z to the right
B) Shift of the supply curve of Z to the left
C) Shift of the demand curve for Z to the left
D) Shift of the demand curve for Z to the right
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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