Consider The Demand For Peanut Butter - Check All That Apply - Please Help :) Mo

Question

Consider The Demand For Peanut Butter - Check All That Apply - Please Help :)

Movements along versus shifts of demand and supply curves Consider the demand for peanut butter. Which of the following would cause a movement along the demand curve (that is, a change in the quantity demanded) for peanut butter? Check all that apply. A change in the number of consumers A change in the price of Nutella (a substitute for peanut butter) A change in the price of peanut butter Which of the following would cause a shift of the demand curve for peanut butter? Check all that apply. A change in consumers' tastes that makes them desire more peanut butter A change in the number of consumers A change in consumers' income

Explanation / Answer

Cause movement along the demand curve for peanut butter? Check all that apply.
ANS: Per reference, movement is only caused by change in price
so only c) deserves a check
a) A change in the price of jelly (a complement for peanut butter)
b) a change in the number of consumers
> c) a change in the price of peanut butter

Cause shift of the demand curve for peanut butter? Check all that apply.
ANS: Per reference, a shift occurs when price stays constant and demand or supply of the material changes so only a) deserves a check
> a) a change in the number of consumers
b) a change in consumers' income
c) a change in the price of peanut butter

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