State three causes of rightward shift of D.
Curve.
Answers
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- Increase in the income of the consumer in case of a normal good.
- A favourable change in tastes and prefernces of the consumer.
- Expectation of rise in price of the commodity in the near future.
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Question :-
State three causes of rightward shift of D. Curve
Answer :-
- Fall in the price of factors of Production: When prices of factors of production (wages, cost of raw material etc.)
- Increase in the number of firms in the Market: When new firms enter into the market then total supply increases.
Hope it helps ✌️
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