Question

If the price of the product changes, we obtain the change in the ….by comparing the relevant points on the fixed demand curve.

A.   Tastes and preferences

B.   State of technology

C.   Income of households

D.   Prices of related products

Quantity demanded

Answer 1

The answer is E. Quantities demand; it can be obtained by comparing the relevant points on the fixed demand curve due to price changes.

NOTE:

A, B, C and D cause a shift in the demand curve of a given product; they are referred to as non-price factors.