contestada

Are the following movements or shifts along/of the demand curve:

1. A decrease in the number of consumers
2. A change in tastes of consumers that makes them desire more hot dogs
3. An increase in the price of hot dogs

Respuesta :

Answer:

Any movement which is caused by price will be along the demand curve and any other movement caused by non price factors will shift the demand curve.

1) A decrease in the number of consumers is a non price movement so the demand curve will shift leftwards because of it.

2) A change in taste of consumers making them desire more hot dogs is a non price movement and it will shift the demand curve to the right.

3) An increase in the price of hot dogs is a price movement and this will cause movement along the demand curve.

Explanation:

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