Saved Bookmarks
| 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. |
|