An example of a demand shifter is:

Question

Quizplus · Accepted Answer

Consumer preferences refer to changes in the desires and tastes of consumers for goods and services. For example, if there is a sudden increase in the popularity of veganism, the demand for plant-based food products will increase. This shift in preference will cause a shift in the demand curve to the right, resulting in an increase in price and quantity demanded. Thus, consumer preferences are a demand shifter as they impact the demand for goods and services.

An Example of a Demand Shifter Is