Price changes of a product will always cause a movement along its demand curve, assuming all other factors remain constant.

Name: Price changes of a product will always cause a movement along its demand curve, assuming all other factors remain constant.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A change in the price of a product, with all other factors held constant, results in a movement along the demand curve, reflecting a change in the quantity demanded.

Price Changes of a Product Will Always Cause a Movement