Question

Three of the four events described below might reasonably be expected to shift the demand curve for Tacos to a new position. One would not shift the demand curve. The single exception is:
a. a widespread advertising campaign undertaken by the producers of a product competitive with Tacos.
b. an increase in the money income of beef consumers.
c. a change in people's tastes with respect to Tacos.
d. a fall in the price of Tacos.

Answer 1

Answer:

d. a fall in the price of Tacos.

Explanation:

• As there are there to four events that might be reasonable to show the shift in the demands curves and thus one impact of this shift would be a widespread increase in the advertisements and the changs in the tastes of the consumers and the people of the area. Thus the curve will shift to the left side. Will a fall in the prices would not affect the movement to the new location.