Which of the Following Statements Is False

question 63

Multiple Choice

Which of the following statements is false?

• A) The shift factors for the supply curve are: income,preferences,prices of related goods,the number of buyers,and expectations of future price.
• B) A change in (own)price changes the quantity supplied of a good.
• C) A change in demand is graphically represented by a shift in the demand curve.
• D) A change in quantity demanded is represented by a movement along a given demand curve.

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Definitions:

Philosophy

The study of fundamental nature of knowledge, reality, and existence.

Representation

An act of depicting or symbolizing something, often through language or imagery.

Cognitive Theories

Cognitive theories are psychological frameworks that emphasize the importance of mental processes in understanding behavior, such as how people perceive, think, understand, and remember.

Controlled Observations

Observational research methods where variables are manipulated or controlled in order to investigate their effects on other variables.