Other Factors Constant, a Change in _____ Will Cause a Shift

question 49

Multiple Choice

Other factors constant, a change in _____ will cause a shift in a firm's demand curve.

• A) the price of the good or service
• B) the quantity of the good offered for sale
• C) the wages paid to labor employed
• D) the general income level of consumers
• E) the technology used in the production of the good or service

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Definitions:

Computing Environments

A setup of hardware, software, networks, and other technology components necessary for computing operations.

Mobile Device

A portable computing device such as a smartphone or tablet, which has wireless internet connectivity.

Internet of Things

An interconnected system of tangible items equipped with monitoring devices, computer programs, and various technologies designed to communicate and share information with other gadgets and systems via the web.

IoT

Internet of Things, a network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, and connectivity, enabling these objects to connect and exchange data.