Question

explain the concept of different types of shift of demand curve due to the change in price and incom ? (150 words)​

Answer 1

Answer:

When the demand curve shifts, it changes the amount purchased at every price point. For example, when incomes rise, people can buy more of everything they want. In the short-term, the price will remain the same and the quantity sold will increase. The same effect occurs if consumer trends or tastes change.