Economy, asked by SnehaBR, 1 year ago

mention two causes of shifting of demand curve towards left.​

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Answered by queengirl20
0

Answer:

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Answered by ajay5325
1

Answer:

Changes in factors like average income and preferences can causean entire demand curve to shiftright or left. This causes a higher or lower quantity to be demanded at a given price. Ceteris paribus assumption.

A demand curve is a tool used in economics to describe the relationship between the price of a good and its marketplace demand. The demand curve is sometimes based on actual sales data and is sometimes estimated based on economic theory or business experience. Changes in consumer preferences cause the demand curve to shift to the left or right.

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