Which of the Following Is Both a Shift in Supply

question 110

Multiple Choice

Which of the following is both a shift in supply and a shift in demand?

• A) the number of firms in an industry
• B) tastes and preferences
• C) income changes
• D) expectations of future prices
• E) the number of buyers

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Definitions:

Cultural Pluralism

A societal condition where diverse cultural, religious, and ethnic groups coexist respectfully and harmoniously while maintaining their unique characteristics.

Multiculturalism

A societal approach that recognizes, appreciates, and integrates diverse cultural practices, beliefs, and values.

Assimilation

The process by which individuals or groups of differing cultural backgrounds come to see themselves as part of a larger national or cultural group.

Integration

The procedure of merging or bringing together distinct components or aspects to form a cohesive entity.