What is the correct answer?


Change in demand (rise and fall of demand) is:

A. Due to change in price while other factors remain constant

B. Due to change in factors other than price

C. Both a and b

D. None of the above

Correct Answer :

B. Due to change in factors other than price

When there is change in demand due to change in any factor other than price like income, fashion, weather etc. then it is the case of change in demand. The cases of increase and decrease in demand or rise and fall in demand are explaining the case of change in demand. Here demand curve shifts right or left.}

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