Question 42012EconomicsWAEC
A shift in the demand curve indicates
A
exceptional demand
B
change in demand
C
change in quantity demande
D
D. elasticity of demand
Step-by-Step Explanation
A shift in the demand curve signifies a change in demand, which occurs when factors other than the price of the good itself influence consumer purchasing behavior. This can be caused by changes in income, consumer preferences, the prices of related goods, or expectations about future prices. Unlike a movement along the curve, which reflects a change in quantity demanded due to price changes, a shift indicates a fundamental change in the overall demand for the product.