Changes in Which of the Following Factors Do NOT Shift

question 22

Multiple Choice

Changes in which of the following factors do NOT shift the demand curve?

• A) the price of the good
• B) buyers' incomes
• C) the price of a substitute good
• D) the number of buyers
• E) the price expected in the future

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Definitions:

Cell Phones

Portable electronic devices used for communication purposes.

Herring

A type of fish that is widely consumed and known for its significant role in the marine food chain as well as its usage in various cuisines.

Absolute Advantage

The ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

Oranges

Oranges are a type of citrus fruit commonly consumed worldwide, known for their high vitamin C content.