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ECO401 Quiz # 02 Solution and Discussion, Fall 2014, Due Date: 19-Nov-2014
This is to inform that Quiz # 02 will be opened on November 17, 2014 and last date to attempt quiz will be November 19, 2014. 11:59 PM..
This quiz will cover Lecture 01-08.
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Question#3 of 20
Which of the following would shift the demand curve for beef to the left.
Your purpose answer as D, is wrong in my opinion because increase in price of one substitute will increase in demand of thers, but in question they are asking the situation where demand curve for beef will shift towards left(less demand).
I guess, B (Fall in the price of chicken)
Thank you friends who shared the solutions but unfortunately maximum 4-5 questions were there from these. it looks like a guess paper