Question : "A change in demand" most strongly suggests a -
Option 1: Movement along the curve
Option 2: Movement along the price curve
Option 3: Change in quantity demanded of a good
Option 4: Shift in the demand curve
Answer (1)
25th Jan, 2024
Correct Answer: Shift in the demand curve
Solution :
A shift in demand reflects a change in consumer preferences towards a certain commodity or service, regardless of price changes. Changes in consumer preferences, income levels, or the price being charged for a comparable product could all be the cause of the change.
Hence option d is the correct answer.
Comments (0)
