A Change in the Quantity Demanded of a Product Cannot

question 256

Multiple Choice

A change in the quantity demanded of a product cannot be the result of a change in:

• A) the buyer's preference.
• B) consumer income.
• C) the price of related goods.
• D) All of the above are correct.

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Definitions:

Legality

The state of being in accordance with the law; legality refers to conformity with statutes and regulations.

Consideration

In contract law, something of value exchanged between parties that is essential for a valid and enforceable contract.

Public Officials

Individuals elected or appointed to carry out governmental duties and responsibilities.

Give Consideration

To provide something of value such as money, goods, or services as part of a contract or agreement.