What Are Factors That Shift the Demand Curve

question 216

Multiple Choice

What are factors that shift the demand curve?

• A) costs of production, price of the product, and subsidies
• B) income, population, tastes, and input prices
• C) expectations, opportunity costs, price of the product
• D) price of substitutes, tastes, price of complements

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Definitions:

Sternberg's Factors

Components of intelligence according to Robert Sternberg, typically including analytical, creative, and practical aspects.

Age

A measure of the amount of time an individual or entity has existed, typically expressed in years.

Fluid Intelligence

The capability to solve new problems, use logic in new situations, and identify patterns without relying on pre-existing knowledge.

Crystallized Intelligence

Crystallized intelligence refers to the ability to use skills, knowledge, and experience, which tends to increase over a person's lifetime.