A change in a relevant factor other than the price of the good itself causes a ________ the demand curve, and a change in a good's own price causes a ________ the demand curve.
A)shift of; shift of
B)shift of; movement along
C)movement along; shift of
D)movement along; movement along

Question

Quizplus · Accepted Answer

A change in factors such as consumer income, tastes, or prices of related goods causes the entire demand curve to shift, indicating a change in demand. However, a change in the good's own price results in a movement along the demand curve, indicating a change in the quantity demanded.

A Change in a Relevant Factor Other Than the Price