In terms of indifference curves,a demand curve is generated by changes in:

A) the income effect.
B) the substitution effect.
C) the price of one good.
D) the price of both goods simultaneously.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity of that good or service that consumers are willing and able to purchase.

Income Effect

A change in the demand for goods or services attributed to a change in consumers’ income.

Substitution Effect

An economic principle describing how changes in the price of goods lead consumers to replace these goods with cheaper alternatives, affecting the quantity demanded.