Which of the Following Will Not Cause the Demand for Product

question 156

Multiple Choice

Which of the following will not cause the demand for product K to change?

• A) a change in the price of close-substitute product J
• B) an increase in incomes of buyers of product K
• C) a change in the price of product K
• D) a change in consumer tastes for product K

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Definitions:

Electronic Fund Transfer Act

A United States federal law designed to protect consumers engaging in electronic transfer of funds.

Transactions

The act of conducting business or other dealings between parties whereby goods, services, or something of value is exchanged.

Depositary Bank

A financial institution that holds and manages the securities of a company, facilitating the exchange of securities and ensuring compliance with the regulations.

Check Collection

The process where banks handle checks from the moment they are deposited until the funds are credited to the depositor's account and debited from the check writer's account.