Price shifting refers to a change in the price with a change in the total quantity being demanded for a particular product. The demand for pepper is an example of price shifting.
What is price shifting?
Price shifting is a condition where there is a significant change in the price of a product with a given change in its price due to the different external factors, which ultimately affect the quantity demanded for that product.
In the above example, it is seen that as the price keeps increasing, there is a shift in the demand curve of the product as the quantity demanded keeps decreasing, indicating an inverse relationship between price and quantity.
Hence, option B; the demand for pepper in the diagram is a clear example of price shifting.
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