ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a decrease in the salary’s of the population
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a change in popularity of the good
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a change in price of Product A
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an increase in the price of Product B, a substitute good
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Detailed explanation-1: -A change in the price of the product leads to movement along the demand curve and not a shift in the demand curve. Was this answer helpful?
Detailed explanation-2: -Answer and Explanation: A change in the price of a good does not shift the demand curve. Instead, it causes a movement along the demand curve. A change in any other factors will shift the demand curve to the left or to the right.
Detailed explanation-3: -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.
Detailed explanation-4: -Answer and Explanation: A change in the interest rate does not cause a shift in the demand curve for money.
Detailed explanation-5: -Answer and Explanation: The answer is C. A change in price of the good.