What causes an upward movement in demand? Briefly explain any three factors.
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An upward movement along a demand curve is caused by change in factors other than the price of a good. Answer: ... This generally occurs due to price increase of the commodity. If the price of a commodity increases, the quantity demanded is reduced for a normal good
Four factors that affect demand are price, buyers' income level, consumer taste, and competition. Price: It is the most important factor that affects demand. This is because increases in this factor can cause demand to fall fast.
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