Economics · Microeconomics
Which of the following factors leads to a change (increase or decrease) in the 'quantity demanded' of a commodity, represented by a movement along the same demand curve?
- 1Changes in prices of related goods
- 2Changes in price of that commodity itself✓
- 3Changes in tastes and preferences of the consumer
- 4Changes in income of the consumer
Correct answer
Changes in price of that commodity itself
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