Which of the following is NOT a factor that brings about changes in demand?
Source: JAMB · 2024
Which of the following is NOT a factor that brings about changes in demand?
Explanation
Price changes cause movement along the demand curve, not a shift. A change in demand means the whole curve moves.
Income changes, population growth, and government policy shift the entire demand curve. Price just moves you along the same curve.
Changes IN demand differ from changes in QUANTITY demanded. Price affects quantity, not demand itself.
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