Question 5
Theory of DemandWhich of the following changes would not shift the demand curve for a good or service?
- A.a change in income
- B.a change in the price of the good or service
- C.a change in expectations about the future price of goods or service
- D.a change in the price of a related good
Show the answer and explanation
Answer: B (a change in the price of the good or service)
Explanation
A change in the good's own price causes a movement along the demand curve, not a shift.