PRC-3 · Chapter 10 · Question 46 of 70
Which of the following events would cause a 'movement along' the demand curve for shoes, rather than a 'shift' of the entire demand curve?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) A substantial drop in the price of the shoes themselves
Explanation
A change in the price of the good itself strictly causes a movement along the existing demand curve (an extension or contraction of quantity demanded).
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