Question

Which is the cause of the rightward shift of the demand curve for cars ?

Answer 1

Answer:

Consider first a rightward shift in Demand. This could be caused by many things: an increase in income, higher price of a substitute good, lower price of a complement good, etc. Such a shift will tend to have two effects: raising equilibrium price, and raising equilibrium quantity.

Explanation:

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Answer 2

Answer:

Consider first a rightward shift in Demand. This could be caused by many things: an increase in income, higher price of a substitute good, lower price of a complement good, etc. Such a shift will tend to have two effects: raising equilibrium price, and raising equilibrium quantity.

Explanation:

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