A Change in Quantity Demanded of CDs Can Be Caused

question 36

Multiple Choice

A change in quantity demanded of CDs can be caused by to:

• A) a shift in the demand curve for CDs.
• B) a change in an income variable in the CD demand function.
• C) a change in the price of a related good.
• D) a change in consumer tastes.
• E) a change in a good's own price.

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Definitions:

Adjusted Gross Income

Gross income minus adjustments to income. This figure is used to determine how much of your income is taxable.

Political Action Committee

A Political Action Committee (PAC) is an organization that collects political donations from members and donates those funds to campaign for or against candidates, legislation, or initiatives.

Charitable Contribution

A gift or donation made to a non-profit organization, which can often be used as a tax deduction by the donor.

Synagogue

A Jewish house of worship and community gathering place.