The demand for Good $X$ is given in the graph shown here.
Which of the following could cause the shift of demand shown here?
The demand for Good $\mathrm{X}$

Choose 1 answer:
(A) People do not like good $X$ as much as they did before
(B) Buyers of good $X$ expect the price of good $X$ to decrease in the future
(c) An increase in income if good $X$ is an inferior good
(D) An increase in the number of buyers of a good
(E) An increase in the price of good $Y$ which is a complement to good $X$

Question

The demand for Good $X$ is given in the graph shown here.
Which of the following could cause the shift of demand shown here?
The demand for Good $\mathrm{X}$

Choose 1 answer:
(A) People do not like good $X$ as much as they did before
(B) Buyers of good $X$ expect the price of good $X$ to decrease in the future
(c) An increase in income if good $X$ is an inferior good
(D) An increase in the number of buyers of a good
(E) An increase in the price of good $Y$ which is a complement to good $X$

Accepted Answer

∻Solution∻ ‖ a ⋮ Demand Shift: The graph shows a shift from $D1$ to $D2$, indicating a decrease in demand for Good $X$. ‖‖ b ⋮ Reason for Shift: A decrease in demand can be caused by factors such as a change in consumer preferences, expectations of future prices, changes in income, number of buyers, or prices of related goods. ‖‖ c ⋮ Analysis of Options: - (A) People do not like good $X$ as much as they did before: This would decrease demand. - (B) Buyers of good $X$ expect the price of good $X$ to decrease in the future: This would decrease current demand. - (C) An increase in income if good $X$ is an inferior good: This would decrease demand for an inferior good. - (D) An increase in the number of buyers of a good: This would increase demand, not decrease it. - (E) An increase in the price of good $Y$ which is a complement to good $X$: This would decrease demand for good $X$. ‖ ∻Answer∻ ⚹ (A) People do not like good $X$ as much as they did before ⚹ ∻Key Concept∻ ⚹ Demand Shift ⚹ ∻Explanation∻ ⚹ A decrease in demand for Good $X$ can be caused by a change in consumer preferences, such as people not liking the good as much as they did before. This is reflected in the shift from $D1$ to $D2$ on the graph. ⚹◊How would an increase in the price of a complement to Good $X$ affect the demand curve for Good $X$ in the short run?⍭ Generate me a similar question◊

Sia