Which factor will NOT cause an increase in the demand for shoes?
A)a decrease in income, assuming shoes are an inferior good
B)an increase in income, assuming shoes are a normal good
C)a decrease in the price of shoes
D)an increase in the popularity of shoes, as adventurous new styles of shoe become fashionable

Question

Quizplus · Accepted Answer

A decrease in the price of shoes affects the quantity demanded, not the demand itself. Demand refers to the desire and ability to purchase goods at various prices, while quantity demanded refers to the specific amount of goods desired at a specific price. Changes in price result in movements along the demand curve, not shifts of the demand curve.

Which Factor Will NOT Cause an Increase in the Demand