More quantity is demanded due to changes in the
factors determining demand other than price
Answers
Answer:
Changes in Expectations About Future Prices
These changes in demand are shown as shifts in the curve. Therefore, a shift in demand happens when a change in some economic factor (other than the current price) causes a different quantity to be demanded at every price.
Answer: This may help you
Explanation:
Demand changes due to two factors. Firstly demand changes due to price and secondly demand changes on account of changes in other factors other than price. When demand changes as a change in corresponding price this is said to be change in quantity demanded. On the other hand the change in demand due to other factors is known as “change in demand.”
The whole demand schedule and demand curve change due to charge in the factors other than the price. There is complete shift of demand curve as a result of change in the factors other than price. Thus in the case of change in demand, there is complete change in demand function. A fall in demand leads to a downward shift of demand curve and a rise in demand cause the demand curve to shift upwards.