A Shift in Demand Occurs When

question 174

Multiple Choice

A shift in demand occurs when

• A) the price of that good changes.
• B) the amount demanded of a good changes at each existing price.
• C) there is a change in quantity demanded.
• D) the price changes and the good is a normal good.

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Definitions:

Constructive Trust

A legal remedy imposed by a court to address unjust enrichment or fraud, requiring the person holding the assets to transfer them to the intended party.

Lakeside Property

Real estate located adjacent to or near a lake, often highly valued for its view, recreational opportunities, and environmental quality.

Possession

The actual holding or control of something, such as property or goods, often implying ownership or a right to control.

Apparent Agency

A legal concept where a principal is liable for the acts of an agent who appears to be acting under their authority, even if the agent isn't.