ECONOMICS
DEMAND
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
right
|
|
|
left
|
|
|
up
|
|
|
down
|
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. They will buy less of everything, even though the price is the same.
Detailed explanation-2: -A decrease in demand shifts the demand curve leftward, and an increase in supply shifts the supply curve rightward. 3. Price falls.
Detailed explanation-3: -Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.
Detailed explanation-4: -Understanding the Demand Curve The demand curve will move downward from the left to the right, which expresses the law of demand-as the price of a given commodity increases, the quantity demanded decreases, all else being equal.
Detailed explanation-5: -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.