Your Answer:
For the demand of a good to change, consumers must be
willing to pay higher prices for any quantities of a good than was previously
the case, or they decide that they will only pay lower prices for any
quantities of a good than was previously the case.
Changes in attitudes toward
the good or toward a compliment or substitute good must change to reflect a wholesale
change in demand.
Source: Heyne, Boettke, and Prychitko, The Economic Way of
Thinking, 11/e, Pearson
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