Asked by Ken Xiao Xinhua on May 06, 2024
Verified
A shift of the demand curve for thin-crust pizza would NOT be caused by a change in:
A) buyers' incomes.
B) the price of thin-crust pizza.
C) the price of thick-crust pizza.
D) the popularity of thin-crust pizza.
Demand Curve
A graphical representation that shows the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.
Thin-Crust Pizza
A type of pizza characterized by its slim, crisp base, offering a crunchy texture and contrasting with thicker pizza variants.
- Ascertain the factors contributing to shifts in the positioning of the demand curve.
Verified Answer
KS
kirsten schlangeMay 13, 2024
Final Answer :
B
Explanation :
A shift in the demand curve is caused by factors other than the price of the good. Therefore, changes in buyers' incomes, the price of thick-crust pizza, and the popularity of thin-crust pizza would all cause a shift in the demand curve for thin-crust pizza. However, a change in the price of thin-crust pizza would only cause movement along the existing demand curve, not a shift.
Learning Objectives
- Ascertain the factors contributing to shifts in the positioning of the demand curve.
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