Ask Question
BusinessBusiness
10 October, 14:28

Which of the following would shift the demand curve? (A) changing tastes or preferences of consumers (B) changing income levels (C) expectations about future prices (D) all of the above

+3
Answers (1)
  1. 10 October, 15:33
    0
    The correct answer is letter "D": all of the above.

    Explanation:

    The demand curve is a graph with the "X" and "Y" axis portraying the relationship between the quantity demanded ("X" axis) and the price ("Y" axis). An increase in price implies a decrease in quantity demanded - the demand curve shifts to the left - and a decrease in price rises the quantity demanded - the demand curve shifts to the right.

    Though, several other factors could move the demand curve such as changes in tastes, income, expectations about future prices, and the changes in the price of substitutes or complement goods.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following would shift the demand curve? (A) changing tastes or preferences of consumers (B) changing income levels (C) ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In two or three sentences, explain why the following scenario is an example of price discrimination: The airline charges Justin $200 for a ticket. The airline charges Nathan $300 for a ticket on the same flight.
Answers (1)
How can limited resources benefit the problem-solving capability in an organization?
Answers (1)
While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had been made. Derek wants to hold the tour company liable for his injury. Which of the following is most likely true? A.
Answers (1)
The production plant for Ruby Manufacturing has been located in the same place for over 100 years. The company has just completed its new factory that includes its new corporate offices.
Answers (1)
Gladys learns from her agent Phil that he has just received a full price offer from a minority couple. She tells Phil to pull her property off the market. Phil calls the buyers and tells them that the home is no longer for sale.
Answers (1)
New Questions in Business
Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply. 1) A higher price level decreases the real value of consumers' assets.
Answers (1)
If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years assuming a 12% annual return and quarterly compounding?
Answers (1)
Explain how globalization influence management
Answers (1)
Home » Business » Which of the following would shift the demand curve? (A) changing tastes or preferences of consumers (B) changing income levels (C) expectations about future prices (D) all of the above
Sign Up Forgot Password?