A change in demand is said to take place when there is a A. shift of the demand curve. B. shift of the supply curve. C. price change. D. movement along the demand curve. E. quantity change.
Question
A change in demand is said to take place when there is a A. shift of the demand curve. B. shift of the supply curve. C. price change. D. movement along the demand curve. E. quantity change.
Solution
The correct answer is A. A change in demand is said to take place when there is a shift of the demand curve. This can occur due to several factors such as changes in income, population, tastes and preferences, expectations about future prices, and prices of related goods. It's not related to a shift in the supply curve, price change, movement along the demand curve, or quantity change. These factors can affect the quantity demanded but not the demand itself.
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