Which of the Following Most Likely Would Cause an Increase

question 210

Multiple Choice

Which of the following most likely would cause an increase in demand for good Z?

• A)A decline in income of consumers most likely to purchase good Z
• B)An increase in a tax on good Z
• C)A technological advance in the method of producing good Z
• D)A decrease in the number of suppliers of good Z
• E)None of the choices are correct.

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Definitions:

Egocentric Thought

A cognitive stance where an individual is unable to differentiate between their own perspective and that of others, common in early childhood development.

Concrete Operational Thought

A stage in Jean Piaget's theory of cognitive development where children aged 7 to 11 years start to understand logical operations and are no longer fooled by appearances.

Logical Operations

The mental processes involved in reasoning and understanding complex concepts through logical thought.

Reasoning

The process of thinking about something in a logical way to form a conclusion or judgment.