Learning Path
Question & Answer
Choose the Best Answer
Demand for cream will increase
Demand for cream will decrease
Demand for cream will remain unchanged
Demand for cream will become elastic
Understanding the Answer
Let's break down why this is correct
When coffee is cheaper, more people buy it. Other options are incorrect because Some think a lower coffee price means people spend less overall, so they buy less cream; It is easy to think that a price change only affects the good itself.
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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