All of the following would shift a product's demand curve except a(n): A. increase in the price of the product B. decrease in co

Question

4 years ago

6

nsumer income C. increase in the price of a substitute D. change in consumer preferences

1 answer:

GrogVix [38] · Answer 1 · 2022-01-21T10:43:23+03:00

Answer:

A. increase in the price of the product

Explanation:

An increase in price of the product leads to a movement along the demand curve and not a shift of the demand curve.

A decrease in consumer income shifts the demand curve to the left

An increase in the price of a substitute leads to an increase in demand when a shift of the demand curve to the right.

I hope my answer helps you