Price is the sole underlying cause of movement along demand and supply curves.

Name: Price is the sole underlying cause of movement along demand and supply curves.
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Question

Quizplus · Accepted Answer

Price is not the sole underlying cause of movement along demand and supply curves. Other factors that can cause movement along these curves include changes in consumer tastes and preferences, changes in technology, changes in the number of buyers or sellers, and changes in the availability of substitutes or complements.

Price Is the Sole Underlying Cause of Movement Along Demand