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Question

Changes in the pattern of tastes and preferences of the consumers will affect the levels of


  1. Supply curve

  2. Price curve

  3. Demand curve

  4. Market curve


Solution

The correct option is C

Demand curve


A change in the taste and preferences may also cause shifts in the demand curve. A rise in the desire for a product will cause a rightward shift in the demand curve and vice versa.  

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