Match the description with the movement along the demand curve or the appropriate shift of the curve. PromptsAnswersQuestion 8Prompt1An increase in the price of the good itself.Select match[input] Question 8Prompt2Increase in income levels for a normal good.Select match[input] Question 8Prompt3Decrease in the price of substitutes.Select match[input] Question 8Prompt4A decrease in the price of the good.Select match[input]

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BlackTom AI · Accepted Answer

The prompt appears to be a matching-type question asking to relate changes to movements along the demand curve vs. shifts in the demand curve. However, the provided data shows no explicit answer options to pair with each description, so I will outline the standard mappings for each description and note what would be matched in a typical question.

- Prompt 1: 'An increase in the price of the good itself.' When the price of the good changes, consumers move along the same demand curve to a different quantity demanded; this is a movement along the curve (a change in quantity demanded) rather than a shift of the curve itself. In standard terms, this corresponds to a movement along the demand curve, not a shift.

- Prompt 2: 'Increase in income levels for a normal good.' An increase in income, for a normal good, increases demand at every price, so the entire demand curve shifts to the right. This is a rightward shift of the demand curve, not a movement along it.

- Prompt 3: 'Decrease in the price of substitutes.' If the price of substitutes falls, consumers substitute away from the original good toward the now-cheaper substitute, reducing the quantity demanded of the original good at each price. This results in a leftward shift of the original good’s demand curve (a decrease in demand), not a movement along the curve.

- Prompt 4: 'A decrease in the price of the good.' Like an increase in price, a decrease in price leads to movement along the demand curve to a higher quantity demanded, i.e., a movement along the curve, not a shift.

In a typical matching format, the correct pairings would be:
- Prompt 1 → movement along the demand curve
- Prompt 2 → shift of the demand curve to the right (increase in demand)
- Prompt 3 → shift of the demand curve to the left (decrease in demand)
- Prompt 4 → movement along the demand curve

If you provide the actual answer options to match these descriptions to, I can finalize the specific pairings with precise phrasing for each line.

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