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प्रश्न
Give two reasons for the shift of the demand curve towards the left.
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उत्तर
The demand curve may shift towards the left due to the following reasons:
- Fall in consumer's income.
- Fall in the price of a substitute for the good.
संबंधित प्रश्न
What is meant by the contraction in demand?
What is meant by an increase in demand?
With the help of a graph explain the increase in demand concept.
When the demand curve of a product shifts to the right, it represents a situation of ______.
Distinguish between “movement along the demand curve” and shift of a demand curve.
What does a rightward shift of demand curve indicate?
With the help of a suitable diagram, explain expansion in demand.
Explain the following diagram.
Give two factors responsible for the shift of the demand curve to the right.
State whether the following statement is true or false. Give reasons.
A change in quantity demanded as a result of price change will imply a shift of the demand curve to the right.
