Which of the following factors will lead to a shift in the demand curve?
A) changes in the costs of inputs
B) changes in technology
C) changes in the price of the good
D) changes in consumers' tastes and preferences

Question

Quizplus · Accepted Answer

Changes in consumers' tastes and preferences will lead to a shift in the demand curve as the quantity demanded for the good will change at each price level. Changes in the costs of inputs, changes in technology, and changes in the price of the good will create movements along the demand curve but will not shift it.

Which of the Following Factors Will Lead to a Shift