Question : Which of these does not cause a shift in the demand curve?
Option 1: Advertisement
Option 2: Product price
Option 3: Income
Option 4: Related product price
Correct Answer: Related product price
Solution : Change in demand done with the other than the product price. A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price. Hence option d is the correct answer.
Question : A demand curve will not shift:
Option 1: when only income changes
Option 2: when only the price of the substitute product change
Option 3: when there is a change in advertisement expenditure
Option 4: when only the price of the commodity change
Question : Which of the following scenarios will not cause the demand curve for a specific product to shift?
Option 1: A change in the income of the product's consumers.
Option 2: Effective advertising campaign by a substitute good manufacturer.
Option 3: A decrease in the price of the product's raw material
Option 4: A widely publicized study claims that the product is hazardous to consumers' health.
Question : If a consumer's income rises or the price of a complementary good falls, the-
Option 1: The product's demand curve shifts to the right.
Option 2: The product's demand curve shifts to the left.
Option 3: The product's supply curve shifts to the right.
Option 4: The product's supply curve shifts to the left.
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
Question : The demand curve will shift forward when ______.
Option 1: price of complementary goods fall
Option 2: price of substitute goods decreases
Option 3: income of consumer fall
Option 4: price of complement goods increases
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