Question

which of the following events can shift the level of demand (demand is the relationship between price and quantity demanded)?

a. price of the good changes

b. supply increases or decreases

c. population grows in a particular market area

Answer 1

When price of the goods changes ,then there is the movement along the demand curve or the movement along the supply curve.

Supply increases or decreases ,then there is shift in the supply curve.

Population grows in a particular market area ,then there is shift in the demand curve. When population increases, then demand curve shifts to the right and when population decreases, then demand curve shifts to the left.

Hence, option(C) is correct.