Osborne Hills
01/30/2024 · Middle School
A change in demand, or a change in supply, is a change that is: Select all correct answers. Is caused by a change in some factor other than price, called a determinant Is caused by a change in price. Is illustrated by movement of the demand or supply curve to the left or right.
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The correct answers are:
1. **Is caused by a change in some factor other than price, called a determinant** - This is true for both demand and supply changes. Determinants can include factors like consumer preferences, income levels, the prices of related goods, and production costs.
2. **Is illustrated by movement of the demand or supply curve to the left or right** - This is also true. A change in demand or supply is represented graphically by a shift of the entire curve to the left (decrease) or to the right (increase).
The statement "Is caused by a change in price" is not correct in this context, as a change in price leads to a movement along the curve (a change in quantity demanded or supplied), not a shift of the curve itself.
Quick Answer
1. Caused by a determinant, not price.
2. Illustrated by a shift of the curve left or right.
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