Which of the Following Would NOT Cause the Demand Curve

question 60

Multiple Choice

Which of the following would NOT cause the demand curve for peaches to shift?  

• A) an increase in the price of apricots 
• B) a decrease in the price of nectarines 
• C) an increase in the price of peaches 
• D) a change in preferences for peaches

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Definitions:

Unilateral Mistake

A mistake by one party to the agreement.

Innocent Misrepresentation

A false statement of a material fact made by a party that honestly believed the fact to be true.

Erroneous Statement

A declaration or assertion that is incorrect or mistaken in fact.

Consideration

Something of value given by all parties to a contract that induces them to enter into the agreement to exchange mutual performances.