Which of the Following Would NOT Shift a Product's Demand

question 85

Multiple Choice

Which of the following would NOT shift a product's demand curve?

• A) an increase in the price of the product
• B) an increase in the price of a complement
• C) an increase in the price of a substitute
• D) a decrease in consumer income

Understand the exceptions to the Statute of Frauds that allow for oral contracts to be enforceable.

Recognize the role of the Uniform Commercial Code (UCC) in determining the writing requirements for sales contracts.

Recognize the significance of a party's signature in constituting an enforceable contract under the Statute of Frauds.

Understand the impact of the Statute of Frauds on the enforceability of contracts involving the sale of goods.