All of the following will affect the position of the demand curve EXCEPT
A) income.
B) taste and preference.
C) changes in expectations of future relative prices.
D) prices of resources used to produce the product.

Question

Quizplus · Accepted Answer

Changes in the prices of resources used to produce the product will impact the supply curve, not the demand curve. A, B, and C all directly affect consumer demand and would cause a shift in the demand curve.

All of the Following Will Affect the Position of the Demand