Economics- Demand basics

If The Bank of England increases the interest rates this will shift the demand curve to the left.

Change in the price of a good/service will cause a shift to the demand curve.

The law of diminishing marginal utility states that as more of a good consumed the marginal satisfaction gained falls.

Which one of the following is not a factor that shifts the demand curve?

Increase in the size of the population can shift the demand curve for goods and services to the right.

Effective demand is the willingness and ability to buy a product.

A change in the price of a substitute or a complement for product will shift the demand curve for said product.

As the satisfaction (benefit) falls as more of a good consumed hence the consumers are prepared to pay less.

Which one of the following is not a factor which explains downward slopping demand curve?

The law of demand states that there is an inverse relationship between price and the quantity demanded.

Compelementary good is a good that