A Change in Demand Cannot Be Caused by a Change

question 150

Multiple Choice

A change in demand cannot be caused by a change in:

• A) tastes.
• B) population.
• C) the prices of other goods.
• D) expectations of future prices.
• E) the price of the good itself.

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Definitions:

Non-posting Accounts

Non-posting accounts are accounts used in an accounting system that are not directly affected or updated into the general ledger, often used for tracking purposes only.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific moment in time by detailing assets, liabilities, and equity.

Income Statement

A financial report that shows a company's revenues and expenses over a specified period, culminating in the net profit or loss for that period.

Future Benefit

The expected benefit that will be derived from an investment or action in the future, often used in cost-benefit analyses to evaluate potential projects or investments.