Question 4 5 pts Which of the following events can shift the

Question 4 5 pts Which of the following events can shift the level of demand (demand is the relationship between price and quantity demanded)? Price of the good changes Supply increases or decreases. changes in the cost to make a good Question 5 5 pts Complete the following sentence: If people think that the price of electronics will increase in the near future, that belief may cause aln) O decrease in the price of electronics today increase in the demand for electronics today O increase in the supply of electronics today.

Solution

(Question 4) Option (1)

Increase in population will increase demand for a good, shifting its demand curve rightward.

(Question 5) Option (2)

Higher expected future price will increase current demand of the good, since consumers will prefer to buy the good at a lower price in current period.