Which of the Following Factors Would Cause the Demand Curve

question 289

Multiple Choice

Which of the following factors would cause the demand curve for a good to increase (shift to the right) ?

• A) a decrease in the price of the good
• B) an increase in the price of the good
• C) an increase in the price of a substitute good
• D) an increase in the price of a complementary good

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Definitions:

Wage Disparity

The difference in wages between individuals or groups, often analyzed in the context of gender, ethnicity, occupation, or education level disparities.

Efficiency Wages

Wages set above the market equilibrium to increase worker productivity and efficiency.

Unemployment

Describes the situation where individuals who are capable of working and willing to work are unable to find employment.

Market Forces

The economic factors affecting the price, demand, and availability of goods and services in a free market, including competition, supply, and demand.