Which of the Following Would Cause,graphically,a Shift to the Right

question 132

Multiple Choice

Which of the following would cause,graphically,a shift to the right in the demand curve for a factor?

• A)A decrease in the price of that factor.
• B)An increase in the price of a substitute factor.
• C)A decrease in the price of the product produced by the factor.
• D)An increase in the marginal product of a substitute factor.

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Definitions:

Invitation To Offer

An indication by a party that they are open to negotiation or receiving offers, but are not making a formal offer themselves.

Auctions

are sales events where goods or services are sold to the highest bidder through a competitive bidding process.

Future Intent

A legal principle pertaining to the parties' intention, at the time of making a contract, regarding their obligations and performance in the future.

Contract Formation

The process involving the making of an agreement between two or more parties that is legally enforceable, including the proposal and acceptance of specific terms.