A Change in All of the Following Variables Will Change

question 21

Multiple Choice

A change in all of the following variables will change the market demand for a product except

• A)the price of the product.
• B)population and demographics.
• C)income.
• D)tastes.

---

Definitions:

Bailee

A person or entity temporarily holding property on behalf of another, under a bailment agreement, wherein the bailee is responsible for the safeguarding of the property.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Real Property

Land and anything permanently attached to it, such as buildings, also including rights and interests associated with the land.

Personal Property

Movable assets or belongings, excluding real estate, owned by an individual or entity.