A Change in the Demand for a Normal Good Can

question 93

Multiple Choice

A change in the demand for a normal good can result from a change in _____.

• A) its price
• B) the number of firms in the market
• C) the cost of inputs
• D) consumers' income

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Definitions:

Duty Of Loyalty

A legal obligation requiring individuals to act in the best interests of another party or entity, typically referring to corporate officers and directors.

Fiduciary

As a noun, a person having a duty created by his or her undertaking to act primarily for another’s benefit in matters connected with the undertaking. As an adjective, a relationship founded on trust and confidence.

Corporate Office

The main or headquarters location of a company where key managerial and executive activities are conducted.

Shareholders Consent

The approval or agreement of shareholders, often required for significant corporate actions.