Although demand changes with a change in price, there are also five general changes that will also lead to a change in demand for people-regardless of whether or not the price changes. Which of the following is one of these changes?

Question

Quizplus · Accepted Answer

All of the above items could potentially lead to a change in demand for a product-whether or not the price changes.
Key Takeaway: The five general changes that can lead to a change in demand are: change in the price of other products, change in income level (up or down), change in individual tastes, a change in the expected future price of the item (will it be worth something someday?), or a change in information about the product that is supplied to consumers.

Although Demand Changes with a Change in Price, There Are