Which of the Following Will Not Shift the Demand Curve

question 37

Multiple Choice

Which of the following will not shift the demand curve for a good?

• A)an increase in population
• B)an increase in the price of the good
• C)a decrease in the price of a substitute good
• D)an increase in consumer incomes

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Definitions:

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, also known as the "knew-it-all-along" effect.

Confounding Variable

An external factor in a research study that correlates with both the dependent and independent variables, potentially skewing results.

Alcoholic Beverage

A drink that contains ethanol, commonly known as alcohol, which is a psychoactive substance.

Control Group

In experimental research, the group that does not receive the treatment or intervention being tested, serving as a baseline for comparison.