Question

Which of the following will not cause the demand for product K to change? a. a change in the price of close-substitute product J. b. an increase in consumer incomes. c. a change in the price of K.d. a change in consumer tastes.

Answer 1

Answer:

c. a change in the price of K.

Explanation:

A change in price of K leads to a movement along the demand curve for K.

The other options lead to a shift in the demand curve for k either to the left or right.

I hope my answer helps you.

Answer 2

Answer:

c. a change in the price of K.

Explanation:

Demand (the table or the graph) does not change when the price changes because demand INCLUDES various prices and various quantities. Demand is NOT how much we buy. Note that our definition of demand includes the ceteris paribus assumption. When we develop a demand curve only the price and quantity demanded change.