Which of the Following Does NOT Cause a Shift in Demand

question 129

Multiple Choice

Which of the following does NOT cause a shift in demand?

• A) change in income
• B) change in tastes
• C) change in the price of the good
• D) change in the price of a related good

Understand the concept of ethnocentrism and its impact on consumer preferences and behavior.

Comprehend what decision-making heuristics are and identify three common heuristics utilized in consumer decision-making.

Evaluate how a product's country of origin can influence consumer purchase decisions.

Distinguish between market beliefs and actual market practices.

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Definitions:

Serotonin

A neurotransmitter that contributes to feelings of well-being and happiness.

Bulimia

An eating disorder characterized by episodes of binge eating followed by purging, aimed at preventing weight gain.

Genetic Predisposition

The increased likelihood or susceptibility to develop a particular disease or condition based on an individual's genetic makeup.

Business Model

A conceptual structure that supports the viability of a product or company and includes the purpose, target audience, revenue model, and details of financing, among other elements.