All of the Following Could Shift the Demand Curve Except

question 43

Multiple Choice

All of the following could shift the demand curve except,

• A)a change in the price of substitutes
• B)a shift of the supply curve
• C)a rise in income
• D)a rise in population that buys the good

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Definitions:

Word-of-Mouth

Informal communication among consumers sharing opinions and experiences about products or services, influencing potential buyers.

Unconventional Locations

Unconventional locations refer to non-traditional or unique places used for events, businesses, or activities, often to generate interest or attract a specific demographic.

Negative WOM

Negative word-of-mouth; the act of sharing unfavorable opinions or experiences about a product, service, or brand with others.

Word-of-Mouth Communication

The act of consumers providing information to other consumers about products or services, typically viewed as a trustworthy source of information.