Which of the Following Will NOT Cause a Rightward Shift

question 80

Multiple Choice

Which of the following will NOT cause a rightward shift in the demand curve for beer?

• A) A change in the price of beer
• B) A health study indicating positive health benefits of moderate beer consumption
• C) An increase in the price of French wine (a substitute)
• D) A decrease in the price of potato chips (a complement)
• E) none of the above

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Definitions:

Late Majority

A segment of a product adoption cycle referring to individuals who adopt new technology or products after the average member of society.

Diffusion of Innovation

A theory that explains how, why, and at what rate new ideas and technology spread through cultures, from early adopters to the broader population.

Laggards

Individuals or groups that are last to adopt an innovation or change, typically resistant to alterations in status quo.

Diffusion of Innovation

A concept aiming to understand the manner, reasoning, and speed at which cultures adopt new innovations and technological advancements.