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:

Termination Notice

A written notification indicating the end of an agreement or contract, typically specifying the date and terms of termination.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts, wherein the debtor's assets are measured and used to repay a portion of the outstanding debts to creditors.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, in conducting transactions with third parties.

Actual Authority

The express power granted by a principal to an agent to perform tasks or make decisions on their behalf.