Which of the Following Factors Is Expected to Cause the Demand

question 173

Multiple Choice

Which of the following factors is expected to cause the demand curve for coffee to shift to the right?

• A) A fall in the manufacturing cost of coffee
• B) A higher tax on the sale of tea, a substitute for coffee
• C) A higher personal tax on the income of all consumers
• D) An increase in the supply of coffee due to better weather

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Definitions:

Extraction Cost

The expenses associated with removing natural resources from the earth, such as mining, drilling, or harvesting.

Gold Bars

Solid bars of gold, typically standardized in weight, that are bought, sold, and stored as investment and reserve assets.

OZ Mining

No real definition found under this specific key term, suggesting it could refer to mining activities in Australia, denoted by "OZ."

User Cost

The cost associated with the use of a product or service, including wear and tear, depreciation, or opportunity cost.