The market demand curve shifts when:
A)there is a change in the supply curve.
B)there is a change in the price of other goods.
C)there is a change in the price.
D)there is a change in the quantity demanded.

Question

Quizplus · Accepted Answer

The market demand curve shifts when there is a change in the price of other goods, which can affect the demand for the goods being considered. For example, if the price of a substitute good increases, consumers may switch to the original good, causing an increase in demand and a shift in the demand curve. Similarly, if the price of a complementary good decreases, consumers may be more likely to buy the original good, causing an increase in demand and a shift in the demand curve. Changes in the supply curve, price, and quantity demanded do not necessarily cause shifts in the demand curve.

The Market Demand Curve Shifts When