Explain the causes for a leftward shift of demand curve
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Causes of a Leftward shift in demand curve of a commodity: ... 2) Income effect: When the price of a commodity falls, the consumer can buy more quantity of a good with his given income, as a result of a fall in the price of the good, consumer's real income or purchasing power increases
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The causes for a leftward shift of demand curve:-
☛ Price of complimently goods arise: when the price of complemently goods rise the demand of a commodity decrease and demand curve shift to leftward.
☛ Tate and preferance: when the taste and preferance is not in the favour of commodity then the demand for the commodity decreases and demand curve shift to the leftward.
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