Mastering Demand Curve Shifts
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Questions and Answers

Which of the following would cause the demand curve for a product to shift?

  • A change in consumer income
  • A change in the price of a substitute product
  • A change in the price of the product
  • A change in consumer tastes and preferences (correct)

    • What happens when there is a change in the price of a product?

  • The quantity demanded changes (correct)
  • The demand curve shifts
  • The supply curve shifts
  • The quantity supplied changes

    • Which of the following is an example of a factor that can cause a shift in the demand curve?

  • A change in the price of a complementary product
  • A change in the quantity supplied
  • A change in consumer income (correct)
  • A change in the price of the product

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