Which of the Following Will Shift the Demand Curve for a Good

question 154

Multiple Choice

Which of the following will shift the demand curve for a good?

• A)a change in the technology used to produce the good
• B)an increase in the price of the good
• C)a decrease in the price of a complementary good
• D)a decrease in the price of the good

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Definitions:

Cash Account

A financial account that tracks the flow of cash transactions, including receipts and payments, within a company.

Sales Discounts

Reductions in the sale price offered by a seller as an incentive for prompt payment by the buyer.

Cash Collection

The process of gathering and processing payments received from customers or clients.

Credit Terms

The conditions under which credit will be extended to a borrower, including repayment schedule, interest rate, and the lifespan of the loan.