Which of the Following Could Shift the Demand for a Good

question 2

Multiple Choice

Which of the following could shift the demand for a good to the right?  

• A) a decrease in income, if the good is a normal good 
• B) an increase in the price of a complementary good 
• C) a decrease in the good's price, if the good is normal 
• D) an expectation of a future price increase

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Definitions:

Premium Expense

The cost associated with purchasing an insurance policy or other similar financial products.

Plastic Doll

A plastic doll is a toy modeled in human or humanoid form, made primarily or entirely from plastic materials, intended for children's play.

Estimated Liability

Estimated Liability refers to a potential financial obligation that can be reasonably estimated but its exact value or timing is uncertain.

Warranty Expense

Costs incurred by a company to repair, replace, or compensate for faulty products during the warranty period.