What factor will shift the demand curve for a good?
A)A change in the technology used to produce the good
B)An increase in the price of the good
C)A decrease in the price of a complementary good
D)A decrease in the price of the good

Question

Quizplus · Accepted Answer

A decrease in the price of a complementary good makes the original good more attractive to consumers because the overall cost of using both goods together is reduced. This increase in attractiveness can lead to an increase in demand for the original good, shifting the demand curve to the right. Changes in technology and prices of the good itself affect the supply curve or move along the demand curve, not shift it.

What Factor Will Shift the Demand Curve for a Good