Which of the Following May Cause a Change in Demand

question 7

Multiple Choice

Which of the following may cause a change in demand for a product?

• A) A change in the profitability of producing another product
• B) A decrease in the cost of producing the product
• C) A change in consumer incomes
• D) A change in the price of the product
• E) A change in the plans of producers

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Definitions:

Total

The sum or aggregate amount resulting from the addition of individual numbers, quantities, or items, often representing a final sum in accounting and mathematics.

Gross Sales

The total sales revenue from goods or services before any deductions for returns or discounts.

Direct Expense

Expenses that can be directly attributed to the production of specific goods or services, such as materials and labor.

Sales Salaries

Compensation paid to employees directly involved in the sales function of a business, typically comprising both base salary and commissions.