GENERAL KNOWLEDGE

A MOVEMENT ALONG THE SAME DEMAND CURVE IS CAUSED BY THE

  • A. price of the product ✓
  • B. price of other products
  • C. income of the consumer
  • D. taste of the consumer

 

The answer to the question is: A. price of the product

A movement along the same demand curve is caused by the price of the product. When there is a change in the price of the product itself, it leads to a movement along the demand curve. This is because a change in price causes a change in quantity demanded, while other factors remain constant. The law of demand states that there is an inverse relationship between price and quantity demanded, assuming all other factors remain constant. Therefore, when the price of the product changes, it directly affects the quantity demanded, leading to a movement along the demand curve.

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