Question

which can cause a shift in the demand curve? a change in the price of a good the cost of production the technology used by firms one of the determinants of demand which of the choices illustrates the law of demand? pat wants to buy more candy bars at $2 than at $1. none of the choices. wants to buy more candy bars at $1 than at $2. offers more candy bars for sale at $2 than at $1.

Answer 1

The Factors Causing the Demand Curve Shift is critical in shifting the demand curve in Microeconomics. Price changes in related goods such as substitutes and complements cause changes in the demand curve.

What factors are causing the shift in the demand curve in microeconomics?

In microeconomics, the following factors are responsible for the shift in the demand curve:

• The cost of related goods
• Consumer Earnings
• Consumer Preferences and Fashion
• Technological Advancement
• Changes in Population Size and Composition
• Income Distribution Modification
• Fiscal Policy
• Real Income Variation
• Expectations

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