Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Answer:
An increase or decrease in the quantity demanded is shown as movement along the demand curve and is due to a change in price as shown in the graph on the prior page. An increase or decrease in demand is shown by a shift in the demand curve. A change in the demand of a good or service is caused by something other than a change in the price of a good or service.
Explanation:
When the demand curve shifts upward and to the right, it is indicative of an increase in demand
When the demand curve shifts downward and to the left, it is indicative of an increase or decrease in demand.
Demand: Demand Explanation
increases or decreases?
Population increases I There are more opportunities to buy
and sell.
Population decreases D There are fewer opportunities to
buy and sell.
Increase in most people I When income goes up, people have a s’ income greater ability to buy.
Decrease in most peoples’ D When income goes down, people have a
income diminished ability to buy.
Price of substitute increases I As the price of a substitute increases,
the demand for the product under study
increases. (If consumers have substituted
fish for meat, and the price of fish goes
up, the demand for meat will increase.)
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
