Exam Questions On Economics Worksheet With Answer Key Page 2
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10Use the following to answer question 6:
Figure: Demand for Coconuts
6. (Figure: Demand for Coconuts) Look at the figure Demand for Coconuts. If coconuts
are a normal good and the income level of consumers falls, it will be represented in the
figure as a movement from:
A) A to C.
B) B to A.
C) C to A.
D) E to B.
7. When milk prices increased in 2008, one milk consumer stated that the reason he cut
down on milk consumption is so that he could drive his car. This action represents a:
A) movement along the demand curve for milk.
B) movement along the supply curve for milk.
C) shift of the demand curve for milk.
D) shift of the supply curve for milk.
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