Which of the Following Situations Would Cause the Demand Curve

question 68

Multiple Choice

Which of the following situations would cause the demand curve to shift to the right?

• A) a decrease in the number of consumers
• B) a decrease in the number of producers
• C) an increase in the price of a complement
• D) an increase in the price of a substitute
• E) a change in tastes and preferences

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Definitions:

General Rules of Contract

Fundamental principles that govern the formation, interpretation, and enforcement of contractual agreements.

Capacity

The legal capability to understand the terms of a contract and to be held accountable for its obligations, or the maximum output or production ability of a facility.

Agency Relationship

A fiduciary relationship where one party (the agent) acts on behalf of another (the principal) in dealing with third parties.

Elect to Sue

The decision taken by an individual or entity to initiate legal proceedings against another party.