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:

Mental Set

A cognitive framework or mindset that establishes a particular approach to solving problems or viewing situations, often limiting the ability to see alternative solutions.

Stanford-Binet Test

A standardized test measuring intelligence and cognitive abilities in both children and adults.

Average Intelligence

Generally refers to a score on a standard intelligence test that falls within the middle range of the population, usually defined by a standard deviation from the mean IQ score.

Heuristics

are simple, efficient rules or methods used to make decisions or solve problems quickly when exhaustive processing is impractical.