Answers
6. As we move upward along the curve (which has positive slope because the line is upward sloping) depicted in figure 2-3, the slope of the curve becomes steeper, means slope increases.
Answer: option B
7. If the company advertises it's TV sets, it means it is trying to increase demand for it's TV sets and therefore trying to cause a rightward shift of demand curve.
Answer: option A
8. If an increase in the price of product X resulted in a decrease in the demand for product Y, it means these two goods are complementary of each other. Increase in price of X, decreases Quantitity demanded of good X and as these two products are complementary of each other, therefore demand for good Y also decreases.
Answer: option B
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