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What Does a Rightward Shift of Demand Curve Indicate? - CBSE (Arts) Class 12 - Economics

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Question

What does a rightward shift of demand curve indicate?

 

Solution

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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Solution What Does a Rightward Shift of Demand Curve Indicate? Concept: Demand Curve and Its Slope.
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