Multiple Choice
Which of the following illustrates a change in quantity demanded?
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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 good A?
A
A change in the price of good A
B
A change in consumer tastes and preferences
C
A change in consumer income
D
A change in the price of a substitute good
Verified step by step guidance1
Understand that the demand curve shows the relationship between the price of good A and the quantity demanded, holding all other factors constant.
Recognize that a change in the price of good A itself causes a movement along the demand curve, not a shift of the demand curve.
Identify factors that shift the demand curve, such as changes in consumer tastes and preferences, which affect demand at every price level.
Consider how a change in consumer income shifts the demand curve because it changes consumers' purchasing power and willingness to buy good A.
Note that a change in the price of a substitute good affects the demand for good A, shifting its demand curve as consumers switch between goods.
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