A Demand Curve Will Shift Out for Any of the Following

question 32

Multiple Choice

A demand curve will shift out for any of the following reasons except

• A)preference for a good increases.
• B)price of a substitute falls.
• C)income rises.
• D)price of a complement falls.

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Definitions:

Social Loafing

The phenomenon wherein individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Group Polarization

A phenomenon where discussions within a group lead to the adoption of more extreme positions or attitudes than the members initially had.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or expectations.

Social Loafing

The phenomenon where individuals exert less effort when working in a group compared to when working alone, due to perceived diffusion of responsibility.