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A movement along the same demand curve is caused by the


Question

A movement along the same demand curve is caused by the

Options

A)
price of the product
B)
price of other products
C)
income of the consumer
D)
taste of the consumer

The correct answer is A.

Explanation:

This Economics question is asking about what causes a movement along the same demand curve. A movement along the same demand curve is when the quantity demanded changes due to a change in the price of the product.

The question provides four options to choose from. Option A states that a movement along the same demand curve is caused by the price of the product, which is the correct answer. Option B says that it is caused by the price of other products. This is not correct because a change in the price of other products would cause a shift in the demand curve, not a movement along the same demand curve. Option C says that it is caused by the income of the consumer. This is also not correct because a change in income would cause a shift in the demand curve, not a movement along the same demand curve. Option D says that it is caused by the taste of the consumer. This is not correct because a change in taste would also cause a shift in the demand curve, not a movement along the same demand curve.

So, the correct answer to this question is option A - a movement along the same demand curve is caused by the price of the product. When the price of a product changes, it causes a change in the quantity demanded, which results in a movement along the same demand curve.

It is important to note that a movement along the same demand curve only occurs when there is a change in the price of the product. Any other factors that affect demand, such as changes in income or tastes, would cause a shift in the demand curve.


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