Asked by
Viridiana Martin
on Dec 15, 2024
Verified
Which of these illustrates movement along the demand curve?
A) Demand increases due to a drop in price.
B) Demand increases due to a competitor leaving the market.
C) Demand increases due to consumer tastes changing.
D) Demand increases due to a competitor increasing its prices.
E) Demand increases due to an increase in consumer incomes.
Demand Curve
A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at different prices.
Consumer Incomes
The financial resources available to consumers, influencing their ability to purchase goods and services.
- Differentiate between movement along the demand curve and shifts in the demand curve.
Verified Answer
HM
Learning Objectives
- Differentiate between movement along the demand curve and shifts in the demand curve.