Which One of the Following Is Not a Basic Option

question 56

Multiple Choice

Which one of the following is not a basic option for altering demand?

• A) promotion
• B) backordering
• C) pricing
• D) subcontracting
• E) All are demand options.

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Definitions:

Excise Tax

A levy imposed on the creation, distribution, or use of goods within a nation.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy.

Supply Curve

A graph that shows the relationship between the price of a good and the quantity of the good that producers are willing and able to sell, usually upward sloping, demonstrating that the higher the price, the more producers are willing to supply.