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What Does a Rightward Shift of Demand Curve Indicate? - Economics

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प्रश्न

What does a rightward shift of demand curve indicate?

 

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उत्तर

The rightward shift of demand curve indicates the increase in demand for a good due to change in the factors other than the price of the good. These factors can be increase in the income of a consumer, increase in the total number of consumers, increase in the price of substitute goods, etc.

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2012-2013 (March) All India Set 1
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