A Rightward Shift in the Demand Curve for a Product

question 209

Multiple Choice

A rightward shift in the demand curve for a product will ordinarily result from

• A)a decrease in the advertising budget.
• B)a decrease in the price of a competing product.
• C)an increase in consumer income.
• D)an increase in the price of a complementary good.

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Definitions:

Conservation

The principle in cognitive development that recognizes the ability to understand that redistributing material does not affect its mass, number, or volume.

Cognitive Development

The process by which individuals acquire the ability to think, learn, reason, and remember over time, often associated with childhood development.

Sensorimotor

Referring to a developmental stage in infants where they learn about the world through sensory experiences and motor activities.

Preoperational

A stage in Jean Piaget's theory of cognitive development where children from about 2 to 7 years old engage in symbolic play but struggle with logic and understanding the perspective of others.