New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Which of the following may lead to a shift in the demand

    curve?
    A An increase in the costs of producing the good Correct Answer Incorrect Answer
    B An increase in income Correct Answer Incorrect Answer
    C An increase in the price of the good Correct Answer Incorrect Answer
    D An increase in the price of a substitute good Correct Answer Incorrect Answer

    Solution

    The demand curve shifts when there is change in demand not due to change in price but due to change in value of other variables influencing demand.

    Practice Next