A demand curve can shift because changing ?
Correct answer: D. all of the above
- A. incomes
- B. prices of related goods
- C. tastes
- D. all of the above
Explanation
A demand curve shifts when a non-price determinant changes, such as income, the prices of related goods, or consumer tastes. A change in the good's own price causes movement along the curve instead.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
If a price increase of good A increases the quantity demanded of good B, then good B is a________________?
An increase in consumer income will increase demand for a _________ but decrease demand for a?
The basic economic problems will not be solved by ?
________ and ___________ do not directly affect the demand curve ?
When we know the quantity of a product that buyers wish to purchase at each possible price we know_____________?
On a graph, a positive linear relationship___________________?