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Question
There is a sudden change in climatic conditions resulting in hot weather. Assuming no change in the price of the cold drinks, it will lead to ______
Options
upward movement along the same market demand curve.
downward movement along the same market demand curve.
rightward shift in the market demand curve.
leftward shift in the market demand curve.
MCQ
Fill in the Blanks
Solution
There is a sudden change in climatic conditions resulting in hot weather. Assuming no change in the price of the cold drinks, it will lead to rightward shift in the market demand curve.
Explanation:
A shift in the demand curve occurs when demand shifts due to changes in other factors influencing demand other than price.
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