Skip to content

Select ALL determinants identified in the course material that can shift demand.

Answer

Consumer income, Consumer tastes, Prices of substitutes

Explanation

### Why this is right - **Consumer income** can change how much buyers can and want to purchase at each price. - **Consumer tastes** can change the appeal of a product and shift demand. - **Prices of substitutes** can change demand for the product as buyers switch between alternatives. ### The concept A shift means demand changes at each possible own price. The good’s own price instead changes quantity demanded along the existing curve. Prices of complements can also affect demand, though that option is not listed here. ### The other options - **The good's own price**: this causes movement along the demand curve rather than a shift of the curve. ### Terms - **Substitute**: a good that can be used in place of another. ### Remember Income, tastes, and related-good prices shift demand; own price changes quantity demanded.

Related Questions

Want to practice more questions like this?

Join myBenkio free and practice past questions for your Nigerian university courses with AI explanations for every answer.

Start Practicing Free