Which of the following factors would most likely result in a shift in the demand curve?

Question

Quizplus · Accepted Answer

The demand curve for a product shifts when there is a change in a non-price determinant of demand, such as consumer preferences, income, or the prices of related goods (substitutes or complements). An increase in the prices of substitute products makes the original product more attractive to consumers, thus increasing its demand and shifting the demand curve to the right.

Which of the Following Factors Would Most Likely Result in a Shift