A Change in a Non-Price Factor of Demand Will Cause

question 109

Multiple Choice

A change in a non-price factor of demand will cause:

• A) a movement along the demand curve.
• B) a shift of the demand curve.
• C) the demand curve to rotate inward.
• D) the demand curve to rotate outward.

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Definitions:

Account

An accounting form that is used to record the increases and decreases in each financial statement item.

General Ledger

General Ledger is a comprehensive accounting record of all financial transactions that have occurred within a company over a period of time, serving as the foundation for financial statements.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a specific time period.