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17 November, 01:05

What changes would not shift the demand curve for a good or service?

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  1. 17 November, 01:21
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    The demand curve can shift either to the right or left. A rightward shift increase the quantity demanded at every price level, while a leftward shift decreases the quantity demanded at every price level.

    consumer income increases ⇒ rightward shift

    number of potential consumers increase ⇒ rightward shift

    price of substitutes goods increases ⇒ rightward shift

    price of complementary goods decrease ⇒ rightward shift

    consumers expect a price increase in the future ⇒ rightward shift
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