Which of the Following Will Cause the Demand Curve for a Normal

question 170

Multiple Choice

Which of the following will cause the demand curve for a normal good to shift to the right?

• A)a decrease in income
• B)an increase in the price of a complementary good
• C)a decrease in the price of the good
• D)an increase in the price of a substitute good
• E)an expectation of a future price decline

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Definitions:

Producer Surplus

The difference between the amount that producers are willing and able to sell a good for and the higher actual price they receive, representing their economic benefit.

Trade

Trade involves the exchange of goods or services between parties, which can be international (between countries) or domestic (within a country).

Termination

The involuntary dismissal of an employee.

Human Capital

The collective skills, knowledge, and expertise that employees bring to their workplace, contributing to its value and performance.