When economists refer to the determinants of demand,they are referring to factors that when changed,
A)Cause a movement down a demand curve.
B)Cause the demand curve to shift left or right.
C)Influence producer behavior.
D)Cause a movement up one demand curve.

Question

Quizplus · Accepted Answer

The determinants of demand are factors that can cause a shift in the entire demand curve. These factors include changes in consumer preferences, changes in the price of related goods, changes in consumer income, changes in population demographics, and changes in consumer expectations. These changes can cause the demand curve to shift either to the left or right, indicating a decrease or increase in demand at every price point. They do not cause a movement up or down a single demand curve and do not directly influence producer behavior.

When Economists Refer to the Determinants of Demand,they Are Referring