Check in the right two columns how the demand curve will shift: What happens to
ID: 2441898 • Letter: C
Question
Check in the right two columns how the demand curve will shift:
What happens to the demand curve when this happens:
Check in the right two columns, how the supply curve will shift:
What happens to the supply curve when this happens:
The technology to produce a good improves
The price of a good is expected to increase in the future
What happens to the demand curve when this happens:
The Demand Curve shifts to the right The Demand Curvewillshifttotheleft Price of Substitute Increases Income Decreases Taste changes in favor of the good Number of consumers increasesExplanation / Answer
Ans:
when there is a change in price, there is a movement along the demand curve. when there is a change in factors other than price, there is a shift in the demand curve.
when there is a change in price, there is a movement along the supply curve.The change in factors other than price causes a shift in the supply curve.
1) Table showing shift in the demand curve in each of the following cases.
B) Table showing shift in the supply curve in each of the following cases.
Price of Substitute Increases The Demand Curve shifts to the right Income Decreases The Demand Curve will shift to the left Taste changes in favor of the good The Demand Curve shifts to the right Number of consumers increases The Demand Curve shifts to the right