A ________ demand curve for shampoo would be caused by a change in the price of shampoo.
A)rightward shift of the
B)leftward shift of the
C)movement along the
D)positively sloped

Question

Quizplus · Accepted Answer

A movement along the demand curve for shampoo would be caused by a change in the price of shampoo. A leftward shift of the demand curve would be caused by a decrease in consumer income or a change in consumer preferences away from shampoo, while a rightward shift of the demand curve would be caused by an increase in consumer income or a change in consumer preferences towards shampoo. A positively sloped demand curve would indicate that as the price of shampoo increases, the quantity demanded also increases, which is not typical for most goods.

A ________ Demand Curve for Shampoo Would Be Caused by a Change