Is this right?? please explain eChegg Study I Guided Sol× )Aplia: Student Questi

Question

Is this right?? please explain

eChegg Study I Guided Sol× )Aplia: Student Question ×(G which of the following wx -> C D courses.aplia.com/af/servlet/quiz2ctx-malkiatsandhul-0077&quiz-action-takeQuiz;&quiz;_probGuld-QNAPC0A801010000002ae008700b0000 Roland - Attempts: Average: /6 8. Movements along versus shifts of demand and supply curves Aa Consider the demand for wine Which of the following would cause a movement along the demand curve (that is, a change in the quantity demanded) for wine? Check all that apply. A change in the price of wine X A change in the number of consumers A change in the price of cheese (a complement for wine) Which of the following would cause a shift of the demand curve for wine? Check all that apply. X A change in the price of cheese (a complement for wine) X A change in consumers' income XA change in consumers' tastes that makes them desire more wine Suggestions ONA 3.14 © 2004-2013 Aplia. All rights reserved. © 2013 Cengage Learning except as noted. All rights reserved. Session Timeout Grade It Now Save & Co 56:36

Explanation / Answer

(1) A movement along a good's demand curve takes place only when the good's own price changes.

So the correct option will be: (a) Change in price of wine

(2) A demand curve shifts when other factors of demand other than the good's own price change.

All the 3 factors determine demand for wine. So a change in any of them will shift demand curve for wine.

All 3 options are correct.

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