Learning Path
Question & Answer
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increase
decrease
no change
flattening
Understanding the Answer
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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
Shifts in Demand Curve
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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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