Which of the Following Is Most Likely to Shift the Demand

question 77

Multiple Choice

Which of the following is most likely to shift the demand curve for electricity to the left?

• A) consumers becoming more energy conscious
• B) an increase in income
• C) a decrease in the price of electricity
• D) an increase in the price of natural gas, a substitute source of energy

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Definitions:

Gender Differences

Refers to the distinctions in characteristics, behaviours, physical or psychological traits typically associated with males and females.

Statistical Tool

Software or methods used for the analysis, interpretation, and visualization of statistical data.

Causality

The relationship between cause and effect where one variable causes the change in another.

Multiple Regression

An approach in statistics where multiple predictors are used to estimate the outcome of a target variable.