Explain causes of leftward shift in demand curve of a commodity.

1.	Explain causes of leftward shift in demand curve of a commodity.
Answer» Solution :(i) A fall in price of substitute GOODS. (ii) An INCREASE in price of complementary goods. (iii) A fall in income of the consumer in CASE of a NORMAL good. (iv) Unfavourable change in tastes and preferences of the consumer. (v) Expectation of fall in price of the commodity in the FUTUTRE.

Discussion