A shift in the demand curve occurs when
A)suppliers place more goods on the market.
B)the price of a good rises.
C)consumers want to buy more or less than before at a given price.
D)the price of the good falls.

Question

Quizplus · Accepted Answer

A shift in the demand curve occurs when there is a change in consumer preferences or income, changes in the availability or price of related goods or services, changes in population or demographics, or changes in consumer expectations about future prices or availability. This results in a change in the quantity of the good demanded at each price, causing the demand curve to shift to a new position. The other choices listed do not accurately describe a shift in the demand curve.

A Shift in the Demand Curve Occurs When