An increase or decrease in which of the following factors would cause a shift in the demand curve for a given good? Select the two correct answers.(1 point)

Question

Responses

income
income

price of the good
price of the good

number of sellers
number of sellers

input prices
input prices

price of related goods

Answer 1

The two factors that would cause a shift in the demand curve for a given good are:

1. Income - Changes in consumer income can increase or decrease demand for normal or inferior goods.

2. Price of related goods - Changes in the price of substitutes or complements can affect the demand for the good in question.

The other options (price of the good, number of sellers, input prices) typically cause movements along the demand curve rather than shifts in the curve itself.