Answered

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Identify which of the following items will cause the demand curve for bottled water to shift. Select all that apply.

A. Decrease in price of Gatorade, a substitute for bottled water

B. Increase in income of consumers

C. Decrease in price of bottled water

D. Decrease in population of consumers

E. Increase in price of bottled water

Sagot :

GinnyAnswer

Final answer:

Changes in the prices of substitutes and the product itself, along with an increase in consumer income, can shift the demand curve for bottled water.


Explanation:

Decrease in price of Gatorade, a substitute for bottled water, and an increase in the price of bottled water will cause the demand curve for bottled water to shift. These changes in the prices of related goods affect the demand for a product, with a lower price for a substitute decreasing demand, and a higher price for the product itself increasing demand.

An increase in income of consumers can also shift the demand curve for bottled water. As consumer income rises, the demand for normal goods like bottled water typically increases, resulting in a rightward shift of the demand curve.


Learn more about demand curve shifts here:

https://brainly.com/question/33441504


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