What Might Cause a Demand Function to Shift to the Right

question 114

Multiple Choice

What might cause a demand function to shift to the right?

• A)An increase in the price of a substitute.
• B)An increase in the product's own price.
• C)An increase in the price of a complement.
• D)A decrease in the price of a substitute.

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Definitions:

Revenue

Income generated from normal business operations, usually from the sale of goods and services to customers.

Lessor

An entity or individual that leases or rents out an asset to another party, known as the lessee.

Lessee

A lessee is an individual or entity that leases an asset from another party, known as the lessor.

Lease Contract

is an agreement wherein one party allows another to use an asset, such as property or equipment, for a specified period in exchange for payment.