reasons for higher than expected demand
Answers
Answered by
7
Changes in factors like average income and preferences can cause an entire demand curve to shift right or left. This causes a higher or lower quantity to be demanded at a given price. Ceteris paribus assumption. Demand curves relate the prices and quantities demanded assuming no other factors change.
Answered by
18
Answer:
Here's the answer
An increase in the willingness and ability
of buyers to purchase a good at the existing price, illustrated by a rightward shift of the demand curve. An increase in demand is caused by a change in a demand determinant and results in an increase in equilibrium quantity and an increase in equilibrium price.
Hope it's help you
Please mark me as Brainliest buddie
Similar questions