Which of the Following Factors Will Shift the Demand Curve

question 153

Multiple Choice

Which of the following factors will shift the demand curve to the left?

• A)An increase in the price of a substitute product.
• B)A decrease in the price of a complementary product.
• C)An increase in income if the product is an inferior product.
• D)The expectation that future prices of the product will be higher.

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Definitions:

Common Logarithm

A logarithm with base 10, often used in scientific calculations.

Log10

Log10 refers to the logarithmic function with base 10, used to determine the power to which the base must be raised to obtain a given number.

Natural Logarithm

The logarithm to the base e, where e is an irrational constant approximately equal to 2.718.

Stdlib.h

A header file in the C standard library that contains declarations for standard utility functions for performing general functions, such as dynamic memory allocation, random numbers, and other utilities.