Advertisements
Advertisements
Question
Give two reasons for the shift of the demand curve towards the left.
Short/Brief Note
Advertisements
Solution
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.
shaalaa.com
Is there an error in this question or solution?
Chapter 2: Elementary Theory of Demand - QUESTIONS [Page 69]
RELATED QUESTIONS
What does an upward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
What is an expansion of demand?
Explain the following diagram:
With the help of a suitable diagram, distinguish between a change in quantity demanded and a change in demand.
Distinguish between “movement along the demand curve” and shift of a demand curve.
What is meant by an increase in demand?
What does a rightward shift of demand curve indicate?
With the help of a suitable diagram, explain expansion in demand.
Explain the following diagram.
