Which of the Following Will Cause a Rightward Shift of the Demand

question 4

Multiple Choice

Which of the following will cause a rightward shift of the demand curve?

• A) a decrease in the cost of production
• B) a decrease in the price of the good
• C) an increase in the expected future price of the good
• D) all of the above

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Definitions:

Probability Density Function

A Probability Density Function (PDF) is a function that describes the relative likelihood for a continuous random variable to take on a given value.

Expected Value

A statistical measure that calculates the average outcome of a random variable after many repetitions of an experiment.

Random Variable

A variable that can take numeric values, which are the results of a random event.

Mean

A measure of central tendency, calculated by adding all the values in a dataset and dividing by the number of values.