What is the correct answer?


Change in demand refers to:

A. Movement on the same demand curve

B. Upward shift of the demand curve

C. Downward shift of the demand curve

D. Upward or downward shift of the demand curve

Correct Answer :

D. Upward or downward shift of the demand curve

Change in demand of a commodity is always due to the factors other than price like change in taste of consumer, change in the price of substitute, change in weather, population , etc.)

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