Question

Which factor covered in the lecture notes shifts the curve?

a) Government policies
b) Consumer preferences
c) Technological advancements
d) Market demand

Answer 1

Factors such as government policies, consumer preferences, and technological advancements can cause a shift in the demand curve in markets for goods and services.

Step-by-step explanation:

In markets for goods and services, several factors can cause a shift in the demand curve. These factors include government policies, consumer preferences, and technological advancements. For example, if the government imposes regulations that increase the cost of production, it can shift the curve to the left. Similarly, if consumers develop a preference for a particular product, it can shift the curve to the right. Lastly, technological advancements can lead to changes in demand as new products or services are introduced.