Question

-Your Question -


What is Change in demand?



Brainliest would not be given.. xD ​

Answer 1

$\huge\mathbb\orange{Heya\:Mate..!}$

${\huge{\red{\underline{\underline{\mathcal Change in Demand }}}}}$

A change in demand is when the market changes a determinate of demand and shifts the entire demand curve either downward or upward. In other words, this is the market changing its preferences for a good or service and either increasing or decreasing the total demand for that product or service.

Answer 2

If demand changes due to a change in the factors other than the price of the good, then it is called change in demand. Change in demand is represented by a parallel rightward or leftward shift of the demand curve.

The following are the factors that can cause change in demand:

(i) Increase/decrease in the income of the consumer.

(ii) Increase/decrease in the price of the substitute goods.

(iii) Change in tastes and preferences in favour of /against the commodity.

(iv) Expectation of price rise/price fall in future.

(v) Increase/decrease in the total number of consumers.