Change in the price of a good causes the demand schedule for that good to shift.

Name: Change in the price of a good causes the demand schedule for that good to shift.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A change in the price of a good causes a movement along the demand curve, not a shift in the demand curve. A shift in the demand curve is caused by factors other than the price of the good itself, such as changes in consumer income, preferences, or prices of related goods.

Change in the Price of a Good Causes the Demand