Which of the Following Lists Has Variables That All Shift

question 69

Multiple Choice

Which of the following lists has variables that all shift a good's demand curve?

• A) price of the good, preferences, prices of substitution goods, income
• B) income, preferences, number of buyers, price of complementary good
• C) expectation of future price, price of the good, number of buyers, income
• D) Both answers A and B are correct.

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Definitions:

Personality Traits

Enduring characteristics that describe an individual's behavior, thinking, and emotions, often used to predict or explain their actions and reactions.

Biologically Endowed

Having natural traits, abilities, or characteristics that are genetically inherited or determined.

Mental Representations

Internal cognitive symbols that represent external reality, allowing individuals to think about objects and events not present.

Structuralism

An approach to psychology that seeks to understand the structure of the mind and its perceptions by analyzing those components most basic to consciousness.