ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The curve shifts to the right if the determinant causes demand to increase. This means more of the good or service are demanded even though there’s no change in price. When the economy is booming, buyers’ incomes will rise. They’ll buy more of everything, even though the price hasn’t changed.

Detailed explanation-2: -To sum up, if the income level of a population increases, the demand curve will shift to the right, since there is more quantity of demand at every price point. The opposite will happen if the income level drops. Now there will be less money to spend, and the demand curve will shift to the left.

Detailed explanation-3: -A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve for an inferior good shifts to the left.

Detailed explanation-4: -A decrease in the price of a complementary product will result in a rightward change in the demand curve.

Detailed explanation-5: -Leftward Shift in Demand Curve This means the demand changes independently of the price. If the demand curve shifts to the right, consumers want to buy higher quantities for the same amount of money.