5. Movements along versus shifts of demand and supply curves Aa Aa Consider the

Question

5. Movements along versus shifts of demand and supply curves Aa Aa Consider the demand for hot dogs. Which of the following would cause a movement along the demand curve (that is, a change in the quantity demanded) for hot dogs? Check all that apply A change in the price of hot dogs A change in the price of salted pretzels (a substitute for hot dogs) A change in the number of consumers Which of the following would cause a shift of the demand curve for hot dogs? Check all that apply. A change in the price of salted pretzels (a substitute for hot dogs) A change in the price of hot dogs A change in consumers' income

Explanation / Answer

Change in the price of hot dog will cause a movement along the demand curve for hot dogs.

Shift of the demand curve will be caused by a change in the price of salted pretzels, a substitute, and a change in consumer income.

,A movement along the demand curve occurs when a change in quantity supplied is caused only by a change in price. A shift in a demand curve occurs when a good's quantity demanded changes even though price remains the same,

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