Which of the Following Changes Would Not Shift the Demand

question 27

Multiple Choice

Which of the following changes would not shift the demand curve for a good or service?

• A)a change in income
• B)a change in the price of the good or service
• C)a change in expectations about the future price of the good or service
• D)a change in the price of a related good or service

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Definitions:

Highly Differentiated

Refers to products, services, or markets where there is significant variation in features, quality, or branding, making each distinct from others.

Marginal Revenue

The extra income a company gains by selling an additional unit of a product or service.

Average Revenue

The revenue a company receives per unit of sales, calculated by dividing total revenue by the number of units sold.

Differentiate Product

The strategy businesses use to make their products or services stand out from competitors, often through unique features or branding.