Which of the Following Will Not Cause the Demand for Product

question 69

Multiple Choice

Which of the following will not cause the demand for product K to change?

• A)a change in the price of close-substitute product J
• B)an increase in consumer incomes
• C)a change in the price of K
• D)a change in consumer tastes

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Definitions:

Common Shares Outstanding

The total number of shares of a corporation's stock that are currently owned by investors, including those held by institutional investors and company officers.

Net Income

The total earnings of a company after deducting all expenses, including taxes and operating costs, from its total revenue.

Weighted-Average

A calculation that takes into consideration the varying degrees of importance of the numbers in a data set.

Cash Dividends

Cash Dividends are payments made by a corporation to its shareholder members. It is a share of profits and retained earnings that the company pays out to its shareholders.