Which of the following is NOT a factor that brings about changes in demand?
A change in real income
Government policy
Increase in population
The price of the good or service
Taste and fashion
Correct answer is B
Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include changes in tastes, population, income, prices of substitute or complement goods, and expectations about future conditions and prices.
The willingness of an individual backed up with purchasing power at a given time is
Demand
Desire
Effective demand
Utility
Want
Correct answer is C
No explanation has been provided for this answer.
Budgeting and planning based on expectations
Expansion in employment
Discovering and exploration of new resources
Introduction of improved production techniques
Skill improvement through education and training
Correct answer is A
No explanation has been provided for this answer.
Decrease in demand for commodity B
Decrease in price of commodity B
Demand for commodity B remain constant
Increase in demand for commodity B
Increase in the price of commodity B
Correct answer is A
No explanation has been provided for this answer.
The middle value of an array figure arranged in descending order is referred to as the
Equation
Mean
Median
Mode
Variance
Correct answer is C
No explanation has been provided for this answer.