Question

Which of the following is NOT a demand shifter?

A.
price of a substitute good
B.
consumer taste
C.
economic stability
D.
price of a complementary good

Answer 1

Answer:

Hmm.... D.

Explanation:

A demand shifter is a change that shifts the demand curve for a product. One of the demand shifters is buyers' expectations. If a buyer expects the price of a good to go down in the future, they hold off buying it today, so the demand for that good today decreases.

Answer 2

Considering the available options, the phrase that is NOT a demand shifter is the "price of a complementary good."

• This is because a complimentary good has no impact on the quantity of a specific good being bought or sold.

• In other words, given that demand shifter is a factor that shifts or affects the quantity demanded of a specific product at every price level.

• This implies that the demand shifter causes the demand curve to move right or left.

Hence, in this case, the correct answer is option D. "price of a complementary good, " as other options can affect the quantity bought or sold of a specific commodity.

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