ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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left
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right
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up
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not at all
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Detailed explanation-1: -The demand curve shifts to the left if the determinant causes demand to drop. That means less of the good or service is demanded. That happens during a recession when buyers’ incomes drop.
Detailed explanation-2: -A reduction in population implies that there are fewer individuals to demand commodities and services. This reduction in population will reduce demand and shift the demand curve in the leftwards direction.
Detailed explanation-3: -Answer and Explanation: A decrease in the price of an item the consumer considers a substitute will cause the demand curve to shift to the left.
Detailed explanation-4: -Change in Taste and Preferences. Population Increase or Decrease. Price Change of a Related Good. Change in the Expected Future Prices. Change in the Income Level of Buyers. 14-Jan-2022