All of the following will result in a shift in a demand curve except:
Choose 1 answer:
(A) A change in the income of buyers
(B) A change in the supply of a good
(c) A change in expected future prices
D) A change in the price of related goods
(E) A change in buyers' preferences

Question

Accepted Answer

∻Solution∻ ‖ a ⋮ Demand Curve Shift: A demand curve shifts when there is a change in factors other than the price of the good itself. These factors include changes in income, expected future prices, the price of related goods, and buyers' preferences. ‖ ‖ b ⋮ Income of Buyers: A change in the income of buyers can increase or decrease demand, shifting the demand curve to the right or left. ‖ ‖ c ⋮ Expected Future Prices: If buyers expect prices to rise in the future, they may increase current demand, shifting the demand curve to the right. ‖ ‖ d ⋮ Price of Related Goods: Changes in the prices of substitutes or complements can affect demand, causing the demand curve to shift. ‖ ‖ e ⋮ Buyers' Preferences: Changes in tastes and preferences can lead to an increase or decrease in demand, shifting the demand curve. ‖ ‖ f ⋮ Supply of a Good: A change in the supply of a good affects the supply curve, not the demand curve. Therefore, it does not result in a shift in the demand curve. ‖ ∻Answer∻ ⚹ (B) A change in the supply of a good ⚹ ∻Key Concept∻ ⚹ Demand Curve Shifts ⚹ ∻Explanation∻ ⚹ The demand curve shifts due to changes in factors like income, expected future prices, the price of related goods, and buyers' preferences. A change in the supply of a good affects the supply curve, not the demand curve. ⚹◊What factors would cause a shift in the demand curve in a macroeconomic context?⍭ Generate me a similar question◊

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