Which of the Following Statements About a Demand Curve Is

question 111

Multiple Choice

Which of the following statements about a demand curve is true?

• A)The demand curve for a good will not shift when money income of consumers increases.
• B)If price increases,the demand curve shifts to the right.
• C)The demand curve for a good will not shift when its price changes.
• D)If a supply curve shifts,thereby changing the price,the demand curve will shift as well.
• E)If a demand curve shifts,the supply curve will shift as well,whether or not the price changes.

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Definitions:

Supply Chain

A network between a company and its suppliers to produce and distribute a specific product to the final buyer, involving the flow of materials, information, and finances.

Efficiency

The degree to which an organization or process accomplishes its intended goals with a minimum of waste, expense, or unnecessary effort.

Responsiveness

The ability of a company to quickly adapt to changes in market conditions or demand.

Metric

A standard of measurement used to quantify performance, effectiveness, or efficiency in certain areas or processes.