Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
increase
B
decrease
C
no change
D
flattening
Understanding the Answer
Let's break down why this is correct
Answer
When people start liking a product more, the whole demand curve moves to the right. This means that at every price, a larger quantity is now demanded. The shift shows that the product is now more popular, so buyers are willing to buy more even at the same price. For example, if a new study shows that a certain brand of cereal is healthier, more people will buy it, so the demand curve for that cereal shifts rightward. This rightward shift reflects the increased demand caused by the change in consumer preferences.
Detailed Explanation
A shift to the right means that at every price, people want to buy more of the product. Other options are incorrect because The idea that preferences shift away from a product would lower demand, not raise it; A shift in preferences always changes the demand curve.
Key Concepts
Demand curve shifts
Consumer preferences
Elasticity of demand
Topic
Shifts in Demand Curve
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1If consumers experience an increase in income, leading to a rise in their purchasing power, which of the following scenarios best describes the impact on the demand curve for a normal good?
mediumEconomics
Practice
2
Question 2How does an increase in consumer income typically affect the demand curve for normal goods, and what is the underlying reason for this shift?
hardEconomics
Practice
3
Question 3Increase in consumer income : outward shift in demand curve :: decrease in consumer preferences : ?
easyEconomics
Practice
4
Question 4Which of the following factors can cause a shift in the demand curve for a product? Select all that apply.
easyEconomics
Practice
5
Question 5Arrange the following factors that can shift the demand curve in the correct order of their impact on consumer demand: A) Change in consumer preferences, B) Change in income, C) Change in prices of related goods, D) Change in population size.
mediumEconomics
Practice
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