Question

Three of the four events described below might reasonably be expected to shift the demand curve for Tacos to a new position. One would not shift the demand curve. The single exception is:

a. a widespread advertising campaign undertaken by the producers of a product competitive with Tacos.
b. an increase in the money income of beef consumers.
c. a change in people's tastes with respect to Tacos.
d. a fall in the price of Tacos.

Answer 1

A fall in the price of Tacos does not shift the demand curve, but instead leads to a movement along the demand curve.

Step-by-step explanation:

A change in any one of the underlying factors that determine what quantity people are willing to buy at a given price will cause a shift in demand. The exception in this scenario would be option d, a fall in the price of Tacos. A decrease in price does not shift the demand curve, but instead leads to a movement along the demand curve.

Answer 2

d. a fall in the price of Tacos.

Step-by-step explanation:

• As there are there to four events that might be reasonable to show the shift in the demands curves and thus one impact of this shift would be a widespread increase in the advertisements and the changs in the tastes of the consumers and the people of the area. Thus the curve will shift to the left side. Will a fall in the prices would not affect the movement to the new location.