Which of the Following Factors Causes a Demand Curve to Become

question 201

Multiple Choice

Which of the following factors causes a demand curve to become more elastic over time?

• A) New substitutes for the product are discovered.
• B) New and important uses for the product are discovered.
• C) More producers begin to produce the product.
• D) More consumers acquire a desire for the product.

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Definitions:

Memory

The mental ability that allows for the keeping, maintaining, and recovering of information throughout time.

Effortful Processing

Encoding that requires attention and conscious effort.

Long-Term Retention

Long-term retention is the continued storage of information over an extended period, allowing it to be recalled later.

Testing Effect

The phenomenon that long-term memory is increased when some of the learning period is devoted to retrieving the to-be-remembered information through testing with proper feedback.