Which of the following matters may account for changes in demand?
I – changes in consumer preferences
II – changes in real income
III – changes in distribution of incomes
IV – changes in levels of taxation
- I, II
- II, III
- I, III, IV
-
I, II, III, IV
The correct answer is: D
Explanation
Consumer preferences (Taste), Income, taxation, advertisement, population, weather conditions, price of other commodities are shift. Factors that affect or change or shift the demand curve.