Other factors constant, a change in _____ will cause a shift in a firm's demand curve.
A) the price of the good or service
B) the quantity of the good offered for sale
C) the wages paid to labor employed
D) the general income level of consumers
E) the technology used in the production of the good or service

Question

Quizplus · Accepted Answer

A change in general income level of consumers will cause a shift in a firm's demand curve as it directly affects the buying power of consumers. If the general income level increases, the demand curve will shift to the right, indicating a higher demand for the good or service, and vice versa.

Other Factors Constant, a Change in _____ Will Cause a Shift