Which of the Following Is NOT One of the Steps

question 118

Multiple Choice

Which of the following is NOT one of the steps in analyzing how an event affects a market?

• A) Determine the number of market participants.
• B) Decide whether the curve shifts to the right or to the left.
• C) Determine whether the event shifts the supply, the demand, or both curves.
• D) Use a supply-demand diagram to examine how the shift(s) affect the equilibrium.

---

Definitions:

Right to Choose

The consumer’s entitlement to have a variety of options when selecting goods or services, emphasizing the importance of competition and quality in markets.

Economic Espionage

The illegal practice of stealing confidential information from businesses to gain a competitive advantage.

Trade Secrets

Confidential business information that provides a company a competitive edge.

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, and symbols.