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Question : "A change in demand" most strongly suggests a -

Option 1: Movement along the curve

Option 2: Movement along the price curve

Option 3: Change in quantity demanded of a good

Option 4: Shift in the demand curve


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Shift in the demand curve


Solution : A shift in demand reflects a change in consumer preferences towards a certain commodity or service, regardless of price changes. Changes in consumer preferences, income levels, or the price being charged for a comparable product could all be the cause of the change.
Hence option d is the correct answer.

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