Question #79153
The demand curve will not shift if...
consumers prefer less of the product.
a substitute product is available for a lower cost.
the price of the product decreases by 20 percent.
the number of buyers decreases.
consumers prefer less of the product.
a substitute product is available for a lower cost.
the price of the product decreases by 20 percent.
the number of buyers decreases.
Expert's answer
The demand curve will not shift if the price of the product decreases by 20 percent.
Reducing the price of the product by 20 percent does not change the demand curve, but causes movement along it.
Reducing the price of the product by 20 percent does not change the demand curve, but causes movement along it.
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