Changes in Which One of the Following Will Not Shift

question 38

Multiple Choice

Changes in which one of the following will not shift the demand curve in the short run?

• A)Expectations about future prices and income
• B)Income
• C)Tastes and preferences
• D)Prices of related goods
• E)The price of the good itself

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Definitions:

Garage Sale

A sale of used household or personal items held outdoors or in a garage, typically by the household residents to dispose of unwanted items.

Kentucky Fried Chicken

A global fast-food restaurant chain that specializes in fried chicken, founded by Colonel Harland Sanders in the United States.

Consumption Component

A part of aggregate demand representing the total value of all goods and services consumed by households.

Gross Domestic Product

The overall value, in market or monetary terms, of every final good and service produced within a nation's borders in a set time frame.