A Change in Which of the Following Shifts the Demand

question 146

Multiple Choice

A change in which of the following shifts the demand curve?

• A) the number of sellers in the market
• B) the price of the resources used to produce the product
• C) the technology with which the product is produced
• D) the tastes and preferences of consumers

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Definitions:

Binary Variable

A variable that takes one of two possible values, often used to represent outcomes like success/failure, yes/no, or true/false.

Demand Constraint

A limitation in operations management that affects the maximum demand that can be satisfied given current resources.

Double-subscripted Variables

Variables identified by two subscripts, commonly used in mathematical and scientific contexts to denote elements in matrices, tables, or double-entry arrays.

Capacity Constraint

A limitation on the resources available for production, such as time, labor, or materials, which can affect the maximum output levels.