Which of the Following Situations Would Cause the Demand Curve

question 68

Multiple Choice

Which of the following situations would cause the demand curve to shift to the right?

• A) a decrease in the number of consumers
• B) a decrease in the number of producers
• C) an increase in the price of a complement
• D) an increase in the price of a substitute
• E) a change in tastes and preferences

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Definitions:

Complementary Goods

Products or services that are used together, where the demand for one is increased when the price of the other decreases.

Demand Curve

An illustration that displays how the price of a product or service correlates with the amount people want to buy during a specific time frame.

Price

The amount in currency estimated, obligatory, or contributed as payment for something.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified time frame.