Concept Check Question 1.6 Question Help Refer to the graph to the right. A chan

Question

Concept Check Question 1.6 Question Help Refer to the graph to the right. A change in demand is illustrated by the move from and a change in quantity demanded is illustrated by a movement from 0 A, point A to point B; point A to point C B. point B to point A; point C to point A yC. point C to point A; point A to point B D. point C to point B, point C to point A 300 Which of the following would not shift the demand curve for a good or service? 250 A. a change in the price of a related good O B. a change in expectations about the future price of the good or service C. a change in income D, a change in the price of the good or service 10 8 9 (millions of smartphones per week) uan

Explanation / Answer

Ans) D is the correct option. A change in the price of the good or service. Only the change in the price of the particular good leads to the movement along the demand curve while all other factors lead to shift in the demand curve.

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