Question

When demand increases, the demand curve shifts to the left. (State whether the statement is TRUE or FALSE)

Answer 1

The statement is FALSE about When demand increases, the demand curve shifts to the left. It can be explained as follows:

Explanation: With the increase in demand, if there is shift in the demand curve, this is the situation of Change in Demand. It refers to the situation when the demand gets changed due to various other factors than the price of same commodity. These factors include:

• Price of Related Goods.
• Future Expectations.
• Habit
• Change in consumer's size etc.

When the demand increase due to any of the above factor, there will be shift in the demand curve for sure but it will be on the right side instead of left.

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Answer 2

‘When demand increases, the demand curve shifts to the left’ is a FALSE statement.

Explanation:

• When there is a ‘decrease in demand’ the ‘demand curve’ shifts to the ‘left’.  

• The decrease in the demand could be for many reasons like the rise in the ‘price of a component’, a fall in income, maybe a fall in the price of the substitute.  

• The increase in ‘demand results’ in demand curve ‘shifting to the right’. This could be because of a ‘number of factors’ that include a ‘rise in income’, rise in the ‘price of a substitute’ or a fall in the price of a component.

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