Question

A change in money price of the product, other things consistent is:

a) A shift in supply
b) A movement along the demand curve
c) A change in consumer preferences
d) A change in government regulations

Answer 1

A change in the money price of a product, with other things held constant, is a movement along the demand curve.

Step-by-step explanation:

A change in the money price of a product, with other things held constant, is referred to as a movement along the demand curve. It does not cause a shift in supply or a change in consumer preferences.

It also does not result from a change in government regulations. Instead, it reflects a change in the quantity demanded at different price levels.