Changes in Demand Are Caused by Each of the Following

question 122

Multiple Choice

Changes in demand are caused by each of the following except

• A)changes in income.
• B)changes in the prices of related goods and services.
• C)changes in tastes and preferences.
• D)changes in supply.

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Definitions:

Discount Rate

The interest rate used to determine the present value of future cash flows in discounted cash flow analysis, reflecting the opportunity cost of capital.

Drive Axle

An axle that is connected to the drive train and responsible for transferring power from the engine to the wheels.

Ring Gear

Spur gear such as that used on a flywheel for engine cranking, or the outer member of a planetary gearset.

Differential Case

The outer housing that encloses the differential mechanism in a vehicle, protecting its gears and components.