Question

Which of the following would not change​ demand? A. The income of the consumers. B. The price of related products. C. The price of the product. D. Information about the​ product's health effects.

Answer 1

Answer:

Option (c) is correct.

Explanation:

Option A:

Income of the consumer is related to the normal and inferior goods.

If there is an increase in the income level of the consumer then as a result the demand for normal good increases and there is a rightward shift in the demand curve of normal good.

Option B:

Price of related goods: substitute goods and complimentary goods.

For example,

If there is an increase in the price of one good then as a result the demand for the substitute good increases which will shift the demand curve of substitute goods rightwards.

Option C:

If there is an increase in the price of the product then as a result the quantity demanded for that product decreases. This shows that price of the product would not change the demand but the quantity demand.