Which of the following scenarios will not shift the demand curve for a particular product?
Q. Which of the following scenarios will not shift the demand curve for a particular product?
- A change in the income of the consumers of that product
- Effective advertising campaign by producers of a substitute good
- A reduction in the price of the raw material for that product
- A widely publicised study that says the product is harmful to the health of consumers
Answer: A reduction in the price of the raw material for that product