Asked by
Percy Sowle
on Oct 12, 2024
Verified
All of the following could shift the demand curve,except?
A) A shift of the supply curve
B) A rise in income
C) A change in the price of substitutes
D) An increase in population in the age group buying that good
E) A successful advertising campaign convincing people that they want more of this good
Demand Curve
A diagram illustrating the connection between the price of a commodity and the amount of it consumers want over a set period.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell at different prices, typically upward sloping.
Income
Money received, especially on a regular basis, for work, through investments, or from any other source, used to acquire goods and services.
- Perceive how a range of factors, such as financial earnings, costs of related merchandise, and changes in consumer desires or shifts in the population, can cause the demand curve to shift.
Verified Answer
MA
Learning Objectives
- Perceive how a range of factors, such as financial earnings, costs of related merchandise, and changes in consumer desires or shifts in the population, can cause the demand curve to shift.