explain the concept of different types of shift of demand curve due to

1.	explain the concept of different types of shift of demand curve due to the change in price and incom ? (150 words)
Answer» Answer: When the DEMAND curve SHIFTS, it changes the amount purchased at every price POINT. For example, when incomes rise, people can buy more of everything they want. In the short-term, the price will remain the same and the quantity sold will INCREASE. The same effect OCCURS if consumer trends or tastes change.

explain the concept of different types of shift of demand curve due to the change in price and incom ? (150 words)

Answer»

Answer:

When the DEMAND curve SHIFTS, it changes the amount purchased at every price POINT. For example, when incomes rise, people can buy more of everything they want. In the short-term, the price will remain the same and the quantity sold will INCREASE. The same effect OCCURS if consumer trends or tastes change.

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explain the concept of different types of shift of demand curve due to the change in price and incom ? (150 words)​

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explain the concept of different types of shift of demand curve due to the change in price and incom ? (150 words)