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

  • A I, II
  • B II, III
  • C I, III, IV
  • D I, II, III, IV
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The correct answer is D. I, II, III, IV

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.

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