Which of the following will NOT cause a shift in the demand curve? O Taste and preferences Price O Related goods O Number of buyers

Refer to the information provided in Figure 4 below to answer the questions that follow. Kyle's demand curve 言8 Figure 4 Demand 5 7 9 Number of turkey sandwiches per week Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4 on the same demand curve. This illustrates the; O a. Concept of the law of diminishing marginal utility O b. Concept of income elasticity of demand O c. Concept of consumer surplus O d. Concept of Cross-price elasticity of demand.

If a good is inferior and the price increases, then the income effect will be O negative O ambiguous O positive zero

A given cafe sells tea and coffee. They notice that most customers tend to order tea or coffee, as opposed to both. Since this is the case, if the cafe raises the price of tea we'd expect O the quantity demanded of tea to rise O the demand for tea to rise O the quantity demanded of coffee to rise O the demand for coffee to rise