Explain the cause of rightward shuft in demand in demand curve of an i

1.	Explain the cause of rightward shuft in demand in demand curve of an individual consumer
Answer» Answer: Consider FIRST a rightward shift in Demand. This could be caused by many things: an increase in INCOME, higher price of a substitute GOOD, LOWER price of a complement good, ETC. Such a shift will tend to have two effects: raising equilibrium price, and raising equilibrium quantity.

Explain the cause of rightward shuft in demand in demand curve of an individual consumer

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Answer:

Consider FIRST a rightward shift in Demand. This could be caused by many things: an increase in INCOME, higher price of a substitute GOOD, LOWER price of a complement good, ETC. Such a shift will tend to have two effects: raising equilibrium price, and raising equilibrium quantity.

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Explain the cause of rightward shuft in demand in demand curve of an individual consumer​

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Explain the cause of rightward shuft in demand in demand curve of an individual consumer