If buyers' tastes and preferences shift in favor of a good,the result is

Question

Quizplus · Accepted Answer

When buyers' tastes and preferences shift in favor of a good, there is an increase in demand as they are willing to buy more of the good at every price level. This is a shift in the demand curve to the right, not a movement along the curve (which would be an increase in quantity demanded). There is no impact on supply, so choices C, D, and E are all incorrect.

If Buyers' Tastes and Preferences Shift in Favor of a Good,the