Which of the Following Situations Would Cause the Demand Curve

question 68

Multiple Choice

Which of the following situations would cause the demand curve to shift to the right?

• A) a decrease in the number of consumers
• B) a decrease in the number of producers
• C) an increase in the price of a complement
• D) an increase in the price of a substitute
• E) a change in tastes and preferences

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Definitions:

Compa-Ratio

A metric that compares an employee's salary to the midpoint of a salary range for their position, used to gauge how competitively they are being compensated.

Merit Pay Programs

Compensation programs where employees receive bonuses or pay increases based on their performance evaluations.

Straight Commission Plans

Compensation plans where an employee's earnings are directly tied to the sales or revenue they generate, without any base salary.

Commissions

Incentive pay calculated as a percentage of sales.