Question

What does a "change in demand" mean in economics?

Options

• Change in the product's price only

• Movement along the same demand curve

• Shift of the entire demand curve due to non-price factors

• Demand remains constant at all prices

Answer 1

Shift of the entire demand curve due to non-price factors

Explanation:

A change in demand involves the whole demand curve moving right or left due to factors like income, tastes, or related goods, not the product's price itself.