Which of the Following Will Not Cause a Demand Curve

question 13

Multiple Choice

Which of the following will not cause a demand curve to shift position?

• A)A doubling of the good's price
• B)A doubling of the price of a closely substitutable good
• C)A doubling of income
• D)A shift in preferences

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Definitions:

Lifetime High

The highest price level that a stock or asset has achieved over its entire trading history up to the present moment.

Futures Contracts

Standardized legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Silver

A precious metal with high conductivity and reflectivity, used in currency, jewelry, and numerous industrial applications.

Troy Oz.

A unit of measure for weight that is traditionally used for precious metals. One troy ounce is approximately 31.1035 grams.