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Give three reasons (or causes) of a rightward shift of demand curve. or State any three or two factors that cause increase in demand of a commodity. |
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(a) A rise in <a href="https://interviewquestions.tuteehub.com/tag/income-25499" style="font-weight:bold;" target="_blank" title="Click to know more about INCOME">INCOME</a> of the <a href="https://interviewquestions.tuteehub.com/tag/consumer-25599" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMER">CONSUMER</a>.<br/>(b) A favourable change in tastes and preferences of the consumer.<br/>(c) <a href="https://interviewquestions.tuteehub.com/tag/expectation-980077" style="font-weight:bold;" target="_blank" title="Click to know more about EXPECTATION">EXPECTATION</a> of rise in price of the <a href="https://interviewquestions.tuteehub.com/tag/commodity-923558" style="font-weight:bold;" target="_blank" title="Click to know more about COMMODITY">COMMODITY</a> in the near future.</body></html> | |