Factors That Could Cause a Demand Curve to Shift to the Left

question 96

Multiple Choice

Factors that could cause a demand curve to shift to the left include all of the following except:

• A)a change in preferences away from the product in question.
• B)an increase in the price of substitute products.
• C)a growing awareness of a health risk associated with the product.
• D)a decrease in the general level of income in the country.

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Definitions:

Occupational Title

The formal designation of a job or position within a company or an industry, reflecting the role or duties performed.

Experience

The knowledge or skill acquired by a person over time through involvement in or exposure to events, actions, or activities.

Reference

In a professional context, a statement or recommendation from a third party about a person’s character, abilities, and performance.

Action Step

A specific, measurable, actionable task that is part of a larger strategy or plan.