Which of the Following Is True

question 144

Multiple Choice

Which of the following is true?

• A) If consumers expect the price of a good will rise in the future, the demand curve shifts leftward.
• B) For an inferior good, when income increases, the demand curve shifts leftward.
• C) An increase in population shifts the demand curve for most goods leftward.
• D) The demand curve for a good shifts leftward when the price of a substitute rises.

---

Definitions:

Feature

Any physical characteristic of a product.

Advantage

The performance characteristic of a product that describes how it can be used or will help the buyer.

Benefit

A favorable result the buyer receives from the product because of a particular advantage that has the ability to satisfy a buyer’s need.

Trial Close

A sales technique where the seller proposes a closing question or statement to gauge the buyer's readiness to complete the purchase.