The same factors that lead to a change in quantity demanded also cause a change in demand.

Name: The same factors that lead to a change in quantity demanded also cause a change in demand.
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Question

Quizplus · Accepted Answer

While a change in price leads to a change in quantity demanded, other factors such as income, tastes and preferences, availability of substitutes, etc. lead to a change in demand. Therefore, the statement is false.

The Same Factors That Lead to a Change in Quantity