Consider the demand for peanut butter. Which of the following would cause a move

Question

Consider the demand for peanut butter. Which of the following would cause a movement along the demand curve (that is, a change in the quantity demanded) for peanut butter? Check all that apply. A change in the number of consumers D A change in the price of Nutella (a substitute for peanut butter) A change in the price of peanut butter Which of the following would cause a shift of the .demand curve for peanut butter? Check all that apply. O A change in the price of Nutella (a substitute for peanut butter) A change in the price of peanut butter A change in consumers' tastes that makes them desire more peanut butter

Explanation / Answer

Movement along the demand curve(change in price of same good)-

Change in price of peanut butter.

Shift of demand curve(all factors other than price of same good)-

Change in price of Nutella.

Change in consumers taste.

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