Which of the Following Statements About a Demand Curve Is

question 111

Multiple Choice

Which of the following statements about a demand curve is true?

• A)The demand curve for a good will not shift when money income of consumers increases.
• B)If price increases,the demand curve shifts to the right.
• C)The demand curve for a good will not shift when its price changes.
• D)If a supply curve shifts,thereby changing the price,the demand curve will shift as well.
• E)If a demand curve shifts,the supply curve will shift as well,whether or not the price changes.

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Definitions:

General Motors

An American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Cooperatives

An organization owned and operated by a group of individuals for their mutual benefit, where members share in the decision-making process and profits.

Limited Liability

A legal principle that limits an investor's loss in a business venture to the amount of capital invested, protecting personal assets from business debts and obligations.

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A designation that exempts specific entities or income from tax under federal or state laws.