Which of the Following Would Cause a Change in the Quantity

question 312

Multiple Choice

Which of the following would cause a change in the quantity demanded of a product?

• A) a higher price
• B) a higher income
• C) expectations of future price increases
• D) All of the above are correct.

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Definitions:

Original Owner

Refers to the first owner or possessor of an item or property after it was created or came into being.

Shipment Contract

An agreement in which the seller is obligated to send goods to a buyer, but the risk of loss passes to the buyer when the goods are delivered to the carrier.

Title Passes

The point at which ownership of property is transferred from one party to another according to the terms of a contract.

Goods Arrive

The event or process where purchased or ordered products reach their destination or the buyer's location.