Praxis II: Economics Content Knowledge Exam Prep

Answer - D - All of the above items could potentially lead to a change in demand for a product-whether or not the price changes.

Key Takeaway: The five general changes that can lead to a change in demand are: change in the price of other products, change in income level (up or down), change in individual tastes, a change in the expected future price of the item (will it be worth something someday?), or a change in information about the product that is supplied to consumers.