Which of the Following Will Not Cause a Shift in the Demand

question 173

Multiple Choice

Which of the following will not cause a shift in the demand for resource X?

• A) a decline in the price of resource X
• B) an increase in the price of the product that resource X is producing
• C) a decrease in the price of substitute resource Y
• D) an increase in the productivity of resource X

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Definitions:

Comparability

The ability to easily analyze and recognize similarities and differences between financial statements over time or between companies.

High Inflation

A situation where price levels in an economy rise rapidly over a period, decreasing purchasing power.

Revaluation

The adjustment of the book value of a currency, asset, or liability to reflect its current market value.

Monetary Investments

assets and financial investments such as cash, stocks, bonds, and other instruments that can be easily converted into cash.