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Homework answers / question archive / A movement along the demand curve for toothpaste would be caused by a change in preferences a change in the price of toothpaste O a change in consumer income
A movement along the demand curve for toothpaste would be caused by a change in preferences a change in the price of toothpaste O a change in consumer income. O a change in the price of toothbrushes Specialization occurs when each country O produces only a small amount of specific goods and relies on trade for the other goods and services produces all the goods and services that are needed itself and does not trade, produces only those goods for which it has a higher opportunity cost of production than that for other countries produces only those products that are demanded in the World market and generate high gains If two goods are complements then a fall in the price of one good leads to a decrease in the price of the other good does not affect the demand for the other good leads to sleward shit in the demand for the other good ads to a nontwaa shift in the demand for the other good
1. In the market, people generally create confusion by using change in demand and change in quantity demanded for each other as there is a significant difference in both of these. The movement along the curve explains the change in the quantity demanded, which is caused by the own price level. Hence, the correct option is: a change in the price of toothpaste.
2. Specialization refers to the trade strategy according to which each country tried to produce specific goods and other goods will be traded with other countries to make benefit from trade. Hence, the correct option is: produces only a small amount of specific goods and relies on trade for the other goods and services.
3. When two goods are complements, their cross-price elasticity of demand will be negative according to which a fall in the price of one will result in lower quantity demanded of another good. Hence, the correct option is: leads to a leftward shift in the demand for the other good.
