Learning Path
Question & Answer
Choose the Best Answer
Increase in demand due to change in consumer preferences
Decrease in demand due to increase in price
No change in demand as it is not a necessity
Decrease in demand due to decrease in consumer income
Understanding the Answer
Let's break down why this is correct
The report tells people the fruit is good for heart health. Other options are incorrect because The idea that a price rise makes demand drop is about quantity, not a shift; Even foods that are not essentials can change demand when new information appears.
Key Concepts
Shifts in Demand Curve
medium level question
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Deep Dive: Shifts in Demand Curve
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Definition
Shifts in the demand curve occur when factors other than price influence the quantity of a product demanded at each price level. Changes in consumer income, tastes, fashion trends, and prices of related goods can shift the demand curve either outward (increase in demand) or inward (decrease in demand).
Topic Definition
Shifts in the demand curve occur when factors other than price influence the quantity of a product demanded at each price level. Changes in consumer income, tastes, fashion trends, and prices of related goods can shift the demand curve either outward (increase in demand) or inward (decrease in demand).
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