Which of the Following Factors Is Likely to Lead to an Increase

question 118

Multiple Choice

Which of the following factors is likely to lead to an increase in the quantity demanded of pens?

• A) A fall in the price of pens
• B) A fall in the price of paper
• C) A rise in the incomes of all consumers
• D) A fall in the incomes of all consumers

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Definitions:

Net Operating Income

The total profit of a company after operating expenses are subtracted from operating revenues, excluding taxes and interest.

Price Hike

An increase in the price of goods or services offered by a company.

Value-Based Pricing

A pricing strategy where the selling price of a product or service is based on the perceived value to the customer rather than the cost of production or market price.

Operating Cost

The expenses associated with the day-to-day running of a business, excluding the cost of goods sold.