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Use the following to answer questions
Figure: Demand for Shoes Use the following to answer questions  Figure: Demand for Shoes   -(Figure: Demand for Shoes) A shift to the right of the demand curve could be caused by a(n) : A)  decrease in tastes or preferences. B)  increase in income if the good is normal. C)  increase in the price of a complement. D)  decrease in the price of a substitute.
-(Figure: Demand for Shoes) A shift to the right of the demand curve could be caused by a(n) :


Definitions:

Credit Customer

A customer who purchases goods or services on credit, paying at a later date rather than at the time of sale.

Payment Terms

The conditions under which a seller will complete a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due and may include cash discounts for timely payment.

Sales Tax

A tax paid to a governing body for the sales of certain goods and services, usually calculated as a percentage of the retail sale price.

General Journal

A comprehensive accounting record of all transactions made by a company, presented in chronological order.

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