Which of the Following Is Most Likely to Shift the Demand

question 77

Multiple Choice

Which of the following is most likely to shift the demand curve for electricity to the left?

• A) consumers becoming more energy conscious
• B) an increase in income
• C) a decrease in the price of electricity
• D) an increase in the price of natural gas, a substitute source of energy

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Definitions:

Issuance

The action of providing or distributing something officially, such as a document.

Formal Research

Systematic investigation aimed at discovering and interpreting knowledge through a structured approach, such as experiments or surveys.

Scientific Experiment

A systematic investigation conducted to discover, interpret, or revise facts, behaviors, or theories using scientific methods.

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.