Answer to Question #300033 in Microeconomics for jade

Question

Make up an example of a monthly demand schedule for pizza, and graph

the implied demand curve. Give an example of something that would shift

this demand curve, and briefly explain your reasoning. Would a change in the price of pizza

shift this demand curve

Answer 1

An increase in the income of the consumers would lead to the demand curve shifting to the right.

A change in price is known to cause a movement along the demand curve.