Which of the Following Will Not Shift the Demand Curve

question 113

Multiple Choice

Which of the following will not shift the demand curve for motorbikes?

• A) An increase in the price of motorbikes.
• B) An increase in consumer income.
• C) An increase in the price of bicycles (a substitute).
• D) An increase in the price of helmets (a complement).

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Definitions:

Total Revenue

The total amount of money a company receives from its business activities before any expenses are subtracted, calculated by multiplying the price per unit by the quantity sold.

Total Cost

The complete cost of production, including both fixed and variable costs.

Quantity Effect

Refers to the change in consumer behavior resulting from a change in the price of a product, where the quantity demanded increases as the price decreases and vice versa.

Total Revenue

The total amount of money received by a company for goods or services sold, before any expenses are subtracted.