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Which of the following factors can cause a shift in the demand curve?

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Question: Which of the following factors can cause a shift in the demand curve?

Options:

  1. Change in consumer income
  2. Change in production costs
  3. Change in technology
  4. Change in the number of suppliers

Correct Answer: Change in consumer income

Solution:

A change in consumer income can lead to a shift in the demand curve, as higher income typically increases demand for normal goods.

Which of the following factors can cause a shift in the demand curve?

Practice Questions

Q1
Which of the following factors can cause a shift in the demand curve?
  1. Change in consumer income
  2. Change in production costs
  3. Change in technology
  4. Change in the number of suppliers

Questions & Step-by-Step Solutions

Which of the following factors can cause a shift in the demand curve?
No concepts available.
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