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

Question

Quizplus · Accepted Answer

The determinants of demand are factors that can cause the entire demand curve to shift left or right, indicating a change in the quantity demanded at every price. These factors include changes in income, consumer preferences, the prices of related goods, population demographics, and consumer expectations. Determinants of demand do not cause a movement down a demand curve, nor do they directly influence producer behavior.

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