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

price of the good
price of the good

price of related goods
price of related goods

input prices
input prices

income
income

number of sellers

Answer 1

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

• Price of related goods (this can include substitutes and complements)
• Income (changes in consumer income can affect demand)

The other options either pertain to supply side factors or do not cause a shift in the demand curve itself.