All of the Following Could Shift the Demand Curve,except

question 190

Multiple Choice

All of the following could shift the demand curve,except?

• A)A shift of the supply curve
• B)A rise in income
• C)A change in the price of substitutes
• D)An increase in population in the age group buying that good
• E)A successful advertising campaign convincing people that they want more of this good

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Definitions:

Income

Revenue generated on a regular basis from labor or investments.

Demand Curve

A graph showing how the quantity demanded of a commodity changes as its price varies.

Demand Curve

A graphical representation depicting the relationship between the price of a good or service and the quantity demanded by consumers.

Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specified time frame.