Which One of the Following Choices Would Cause the Demand

question 243

Multiple Choice

Which one of the following choices would cause the demand curve for an inferior good to shift to the left?

• A) a fall in incomes
• B) a fall in the price of the inferior good
• C) a rise in incomes
• D) a rise in the price of the inferior good

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Definitions:

Net Income

The net income a company earns following the subtraction of all taxes and expenses from its revenues.

Revenues

The entire sum of earnings resulting from the sales of products or services central to a business's primary functions.

Office Supplies

Tangible items used in an office environment for daily operations, such as pens, paper, and staplers.

Stockholders' Equity

The portion of the balance sheet that represents the capital received from investors in exchange for stock, plus retained earnings and minus the company's treasury stock.