What would cause the level of demand (meaning the relationship between price and quantity demanded) to shift? Consumer incomes remain unchanged. The price of the good increases. Population grows in a particular market area.

Question

Social Studies

Grayson Bond

14 March, 14:04

What would cause the level of demand (meaning the relationship between price and quantity demanded) to shift? Consumer incomes remain unchanged. The price of the good increases. Population grows in a particular market area.

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Answers (1)

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Mohammed Vance · Answer 1

Population grows in a particular market area.

Explanation:

The level of demand in any specific region will change or shift by the Population grows in a particular market.

Since, more the population, more will be the demand by the people for their survival.

There is not relation between the demand and the income of consumer, hence first option is incorrect.

And in case the price of goods rises, the demand will will not change, as the needy people would still be buying it. Hence second option is also incorrect.