A Change in Demand Refers to

question 120

Multiple Choice

A change in demand refers to

• A)a shift of the entire demand curve caused by a change in price.
• B)a movement along a demand curve.
• C)a shift of the entire demand curve caused by a determinant of demand other than price.
• D)None of the choices are correct.

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Definitions:

Financial Instrument

Any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Bank Overdraft

A facility that allows an individual or business to withdraw more money from a bank account than has been deposited, up to an agreed limit.

Notes Payable

A liability represented by a written promise to pay a specific sum of money, usually with interest, by a specified date.

Equipment

comprises tangible assets used in operations, such as machinery and office hardware, which have a useful life beyond one year and assist in the production of goods and services.