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Microeconomics

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Moderate

Determinants of Supply and Demand: Understanding Demand

MICRO-DEEFTT

Which of the following will lead to an increase (rightward shift) in the demand for a normal good? Select ALL that apply.

A

An increase in supply.

B

An increase in income.

C

An expectation of lower prices in the future.

D

An increase in the price of a complement good.