All of these scenarios cause the demand curve for a product to shift (left or right), except for one. Identify that one scenario that does not shift the demand curve.

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02-02-2022
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All of these scenarios cause the demand curve for a product to shift (left or right), except for one. Identify that one scenario that does not shift the demand curve.

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ayfat23 ayfat23 · Answer 1 · 2022-02-15T13:37:28+01:00

It should be noted that one scenario that does not shift the Demand Curve is c. price of the good changes.

This is because , shift in demand curve to right or left is based on other determinates of demand which could be close substitutes prices and demographic changes.

What is demand curve?

demand curve can be regarded as the graphical structure that represents the relationship between the price of a good or service as well as the quantity demanded per time.

CHECK THE COMPLETE QUESTION BELOW

All of these scenarios cause the Demand Curve for a product to shift (left or right), except for one. Identify that one scenario that does not shift the Demand Curve.a. price of a substitute rises b. price of a complement falls c. price of the good changes d. price of a substitute falls.

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