A change in the price of a hamburger will shift the demand curve for burgers. The supply and demand curves are affected by changes in prices, income levels, tastes and preferences, production costs, or government regulations (see diagram below). In the case of our example where we’re talking about hamburgers that have not yet been created but may be produced with advanced technologies at some point down the line, any other factors would also need to change before it could affect either curve on its own.
A change in which of the following will not shift the demand curve for hamburgers?
Renee R. Scully
Travel, Business and Tech Blogger. Loves to travel almost as much as she loves her hometown in Chicago. Blogging for over 5 years.