ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a shift of the demand curve
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movement along the demand curve
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a change in price
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a change to quantity demanded
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Detailed explanation-1: -Consequently, a positive change in demand amid constant supply shifts the demand curve to the right, the result being an increase in price and quantity. Alternatively, a negative change in demand shifts the curve left, leading price and quantity to both fall.
Detailed explanation-2: -A change in demand means that the entire demand curve shifts either left or right. The initial demand curve D0 shifts to become either D1 or D2. This could be caused by a shift in tastes, changes in population, changes in income, prices of substitute or complement goods, or changes future expectations.
Detailed explanation-3: -A shift in the demand curve is when the price stays the same, but some other unusual occurrence happens that pushes the demand schedule to either increase or decrease at each price point.