Which of the Following Are Factors That Shift the Demand

question 97

Multiple Choice

Which of the following are factors that shift the demand curve?

• A)costs of production, price of the product, and subsidies
• B)income, population, tastes, and input prices
• C)expectations, opportunity costs, price of the product
• D)price of substitutes, tastes, price of complements (True Answer )Correct

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Definitions:

Statement of Financial Position

Another term for balance sheet, showing the company's assets, liabilities, and equity at a specific point in time.

Operating Statement

Another term for an income statement, which shows a company's revenue and expenses over a specific period, resulting in the net profit or loss.

Net Income

A company's overall earnings post the deduction of all expenditures, taxes, and operational costs from its gross revenue.