1.

Which changes can cause a leftward shift in the demand curve ? Also state the change, which causes downward movement along the demand curve ?

Answer»

Solution :(i) Fall in price of substitue goods.
(ii) INCREASE in price of complementary goods.
(III) Fall in INCOME of the consumer in CASE of a normal good.
(iv) Unfavourable changes in tastes and prefernces of the consumer.
(v) Expectation of fall in price of the COMMODITY in the future.


Discussion

No Comment Found