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7 June, 12:21

Which of the following will cause the demand curve to shift? A. a change in the cost of raw materials B. more firms in the market C. newer technology and improved productivity D. a change in consumer income

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  1. 7 June, 12:50
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    D. a change in consumer income

    Explanation:

    There are two main reason for shift in demand curve left or right in addition to price:

    Change in consumer income. Change in preference.

    Consumer income or earning affect the demand curve as according income of consumer, thier preference and priority changes. Example: Daily wages labor may have very less demand for Domino's Pizza or starbucks coffee, however, manager of any MNC may have higher demand for Domino's Pizza or starbuck coffee.
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