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DEMAND
Movement along the demand curve
Shift to the right
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Created by
Precious Jasmin
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Cards (3)
An
increase
in demand is indicated by a shift to the
right
( expansion or extension)
The original curve
D
shifts to
D1
The qty dd increases from Q0 to Q1 even if the
price
has not changed.
Fcators that cause shift to the right
Increase
in lvl of consumers income
Positive
change in consumers taste,fashion and preferences which favour a commodity
Increase
in population
Decrease
in price of a complementary goods