ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A change in demand represents a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price. The change could be triggered by a shift in income levels, consumer tastes, or a different price being charged for a related product.

Detailed explanation-2: -Answer and Explanation: Changes in tastes of consumers shift the demand curve. If consumer tastes change so that they like a product more, the demand curve shifts to the right. This is because consumers now want to buy more of the product at all prices.

Detailed explanation-3: -Changing tastes or preferences Changes like these are largely due to movements in taste, which change the quantity of a good demanded at every price-that is, they shift the demand curve for that good, rightward for chicken and leftward for beef.

Detailed explanation-4: -A change in the taste and preferences may also cause shifts in the demand curve. A rise in the desire for a product will cause a rightward shift in the demand curve and vice versa.

Detailed explanation-5: -Age. As you age, taste discrimination tends to decrease. Hunger. Whether you’re overly hungry or satiated, your preference and discrimination abilities are often compromised. Meal Timing & Choice. Smoking. Taste Experiences/Upbringing. Current Health Status. COVID-19. Temperature. More items •04-Mar-2022