shift in the demand curve means
a fall in demand due to rise in own price of the commodity
b. change in demand due to factors other than own price of the commodity
Answers
Answered by
18
Answer:
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
1
Answer:
b change in demand due to factors orher than the own price of the commodity.
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