(A) Demand for the good will increase. (B) The quantity demanded will decrease. (C) Supply of the good will automatically fall. (D) The demand curve will shift to the right. A "movement along" the demand curve is caused by: (A) A change in consumer income. (B) A change in the price of a substitute good. (C) A change in the price of the good itself. (D) A shift in consumer preferences. Elasticity Go to product viewer dialog for this item. McGraw-Hill's 500 Microeconomics Questions (Ebook)
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If a demand curve is perfectly vertical, the own-price elasticity of demand is: (A) Infinity (D) None of the above Correct Answer: (A) Demand for the good will increase