Changes in the Demand Curve Can Be Caused by All

question 38

Multiple Choice

Changes in the demand curve can be caused by all of the following factors except

• A) customer preference.
• B) buyers' incomes.
• C) the number of suppliers.
• D) future expectations of income or wealth.

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Definitions:

Resistance To Change

The act of opposing or struggling with modifications or transformations that alter the status quo in an organization or individual life.

Resistance To Change

The opposition or reluctance to modify or abandon traditional practices or to adapt to new ones.

Dramatic Increase

A significant and rapid rise in numbers, magnitude, or extent of a particular phenomenon or metric.

Kurt Lewin

is known as the father of modern social psychology, who developed theories on group dynamics and organizational development.