Multiple Choice
Which of the following could cause the market demand curve for guacamole to shift leftward (indicating a decrease in demand)?
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3. The Market Forces of Supply and Demand
Shifts in the Demand Curve
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Which of the following would NOT shift the demand curve for MP3 players?
A
A change in the price of substitute goods
B
A change in consumer tastes and preferences
C
A change in the price of MP3 players
D
A change in consumer income
Verified step by step guidance1
Understand that the demand curve shows the relationship between the price of a good and the quantity demanded, holding other factors constant.
Recall that a change in the price of the good itself causes a movement along the demand curve, not a shift of the demand curve.
Identify factors that cause the demand curve to shift, such as changes in consumer income, tastes and preferences, or prices of substitute goods.
Recognize that a change in the price of substitute goods affects the demand for the original good, causing the demand curve to shift.
Conclude that only a change in the price of the MP3 players causes movement along the demand curve, not a shift, so it would NOT shift the demand curve.
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