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2 November, 05:20

What could cause a shift in the demand curve

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  1. 2 November, 05:33
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    income, trends and tastes, prices of related goods, expectations as well as the size and composition of the population.
  2. 2 November, 05:45
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    Answer: There are five significant factors that cause a shift in the demand curve: income, trends and tastes, prices of related goods, expectations as well as the size and composition of the population.

    Explanation:

    The Two Types of Demand Curves

    If demand is perfectly elastic, the curve looks like a horizontal flat line. Inelastic demand is when a price decrease won't increase the quantities purchased. An example of this is bananas. No matter how cheap they are, there's only so many you can eat before they spoil.
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