ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Answer and Explanation: A change in the price of a good does not shift the demand curve.

Detailed explanation-2: -Demand shifters include preferences, the prices of related goods and services, income, demographic characteristics, and buyer expectations.

Detailed explanation-3: -The quantity demanded (qD) is a function of five factors-price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price. As these factors change, so too does the quantity demanded.

Detailed explanation-4: -A change in the price of a good or service causes a movement along a specific demand curve, and it typically leads to some change in the quantity demanded, but it does not shift the demand curve.