The demand schedule and demand curve remain unchanged only so long as the underlying determinants of demand remain constant.

Name: The demand schedule and demand curve remain unchanged only so long as the underlying determinants of demand remain constant.
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Question

Quizplus · Accepted Answer

This is true because a change in any of the determinants of demand, such as consumer income or preferences, will shift the entire demand curve, changing both the quantity demanded at each price level and the total demand in the market.

The Demand Schedule and Demand Curve Remain Unchanged Only So