Question
In which scenario for normal goods does the demand curve shift to the left?(1 point)
Responses
Consumer change in taste increases demand for plant-based food.
Consumer change in taste increases demand for plant-based food.
Consumers expect the price of a tablet to increase tomorrow so demand increases now.
Consumers expect the price of a tablet to increase tomorrow so demand increases now.
The price of substitute goods increases by 20 percent.
The price of substitute goods increases by 20 percent.
The price of complements increases by 20 percent.
Responses
Consumer change in taste increases demand for plant-based food.
Consumer change in taste increases demand for plant-based food.
Consumers expect the price of a tablet to increase tomorrow so demand increases now.
Consumers expect the price of a tablet to increase tomorrow so demand increases now.
The price of substitute goods increases by 20 percent.
The price of substitute goods increases by 20 percent.
The price of complements increases by 20 percent.
Answers
GPT-4o mini
The scenario in which the demand curve for normal goods shifts to the left is:
**The price of complements increases by 20 percent.**
When the price of complementary goods rises, consumers are less likely to purchase those goods along with the original good, leading to a decrease in demand for the original good, which shifts the demand curve to the left.
**The price of complements increases by 20 percent.**
When the price of complementary goods rises, consumers are less likely to purchase those goods along with the original good, leading to a decrease in demand for the original good, which shifts the demand curve to the left.
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