A movement along the demand curve may be caused by ?
Correct answer: D. A shift in supply
- A. A change in income
- B. A change in the number of buyers
- C. A change in advertising
- D. A shift in supply
Explanation
A movement along the demand curve results from a change in the product’s own price. A shift in supply can change that equilibrium price, causing consumers to move to another point on the unchanged demand curve.
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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.
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