All of the Following Would Shift a Product's Demand Curve

question 143

Multiple Choice

All of the following would shift a product's demand curve except a(n) :

• A)increase in the price of the product.
• B)decrease in consumer income.
• C)increase in the price of a substitute.
• D)increase in the price of a complement.
• E)change in consumer preferences.

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Definitions:

C$

A symbol often used to denote the Canadian dollar, the currency of Canada.

Euro

The official currency of the eurozone, which consists of 19 of the 27 European Union member states.

Exchange Rate

The price or value of one currency in terms of another, determining how much of one currency can be exchanged for another.

Litre

A metric unit of volume equal to 1000 cubic centimeters or approximately 0.26 US gallons, commonly used to measure fluids.