Which of the Following Will Not Shift the Demand Curve

question 44

Multiple Choice

Which of the following will not shift the demand curve for televisions?

• A) An increase in the price of televisions.
• B) An increase in consumer income.
• C) An increase in the price of radios (a substitute).
• D) An increase in the price of cable service (a complement).

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Definitions:

Arbitration

A form of alternative dispute resolution where a neutral third party makes a binding decision to resolve a dispute outside of court.

Supreme Court

The highest judicial court in a country or state, typically having the ultimate authority in interpreting laws and the constitution.

Binding Agreement

A legally enforceable contract between two or more parties.

Settlement Agreement

A legally binding contract between parties that resolves a dispute and outlines the terms of the settlement.