All of the Following Will Affect the Position of the Demand

question 255

Multiple Choice

All of the following will affect the position of the demand curve EXCEPT

• A) income.
• B) taste and preference.
• C) changes in expectations of future relative prices.
• D) prices of resources used to produce the product.

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Definitions:

Trade Barriers

Restrictions imposed by governments to regulate international trade, including tariffs, quotas, and non-tariff barriers.

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and lower Human Development Index (HDI) scores compared to more developed countries.

Tariffs and Quotas

Government-imposed taxes on imported goods (tariffs) and limits on the quantity of imports (quotas) to protect domestic industries.

Private Capital

Funds or assets owned by individuals, companies, or investors, not by the government or public entities.