Question: The factors causing the shift in demand include a)taxation policy b)an expectation in the change of price of the good in the future c)goals of

The factors causing the shift in demand include

a)taxation policy

b)an expectation in the change of price of the good in the future

c)goals of the production firms

d)prices of the factor of production

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

SUPPLY & DEMAND - ECONOMICS PROJECT PROJECT OBJECTIVES: . Demonstrate the ability to comprehend the effects of the interaction between supply & demand in a market society. Predict the outcomes when...

Q:

Files 12:56 PM Mon May 16 25% Unit+2+workbook Q . . . Home Insert Draw Layout Review View Calibri Bold (Body) 36 B I U aAv A v Unit 2-Supply and Demand Name: HR: LAW OF SUPPLY Use the space below to...

Q:

Learning Objectives 3-1 By the end of this section, you will be able to: Explain demand, quantity demanded, and the law of demand Identify a demand curve and a supply curve Explain supply, quantity...

Q:

Economics 1 Module Test V Multiple Choice. 1. One reason why inflation if undesirable is that a. it causes loss to lenders and savers who do not anticipate it. b. it benefits buyers, not sellers. c....

Q:

1i2?t2020 Venezuela Faces Shortages in Grocery Staples The New York Times 5hr .'Xu ork Elam; l'Vi'th Venezuelan Food Shortages, Some Blame Price Controls By William Noun-tart April 20. 201.2 CARACAS,...

Q:

QUESTION FIVE(20 Marks) A producer of a new range of energy drink introduces their product at R25 per can. After a month of sales, they introduce a special of R 40 for two cans. A month later they...

Q:

1.An economy grows when it does all of the following except _______. A. acquires more machines to help it produce B. lowers prices C. improves the quality of labor by education D. develops better...

Q:

QUESTION FOUR(20 Marks) Assume that a perfectly competitive hand sanitiser market is in long-run equilibrium. The price of hand sanitisers is observed to increase during the COVID 19 pandemic, and...

Q:

Figure 1 diagram shows a situation of... a) Economic profit under perfect competition b) Normal profit under perfect competition c) Economic profit under monopolistic competition d) Normal profit...

Q:

Question 19 In the long run, changes in average material living standards are best shown by Not yet answered Select one: Marked out of O a. growth in real GDP. 1.00 P Flag b. population growth....

Q:

Which of the following is (are) important consideration(s) concerning activity times? Activity time should be obtained from the person responsible for the completion of an activity Activity time must...

Q:

Blue Super giants a typical blue supergiant star (the type that explode and leave behind black holes) bas a surface temperature of 30,000 K and a visual luminosity 100,000 times that of our sun. Our...

Q:

Why does it matter where quality costs are incurred? Why isn't the total cost alone important?

Q:

Please help it's urgent thank you. please write 400-450 words. thank you QUESTION 4 (20 MARKS) The success of any project is dependent on a diverse range of skills, abilities and competencies of the...

Q:

3. What values would you say are your core values?

Q:

12. Think of a situation where you felt particularly powerless. It must be a real event that you remember relatively well. Try to think back. What was it you imagined just before you felt powerless...

Q:

13. Try to imagine how you would feel if you had tackled the problem, the con-flict, the challenge, etc., that made you powerless in task 12, for example upstairs, confident, confident, calm,...