A Decrease in Quantity Demanded of a Good Is Caused

question 151

Multiple Choice

A decrease in quantity demanded of a good is caused by

• A)a decrease in income.
• B)a decrease in the price of a substitute.
• C)an increase in the price of the good.
• D)a change of tastes.

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Definitions:

C Corporations

A type of corporation in the United States taxed separately from its owners, offering limited liability protection to its shareholders.

S Corporations

A type of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.

Taxed

Subjected to a financial charge or levy imposed by a governmental organization on income, goods, or activities.

Managerial Conflict

Refers to disputes or disagreements among individuals in managerial or supervisory positions within an organization, often arising from differences in opinions, decisions, or management styles.