ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Demand Curve Shifts Right 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: -An increase in demand shifts the demand curve rightward, and a decrease in supply shifts the supply curve leftward. 1.

Detailed explanation-3: -With an increase in income, consumers will purchase larger quantities, pushing demand to the right, and causing the demand curve to shift right.

Detailed explanation-4: -The income effect describes how an increase in income can change the quantity of goods that consumers will demand. For so-called normal goods, as income rises so does the demand for them (and vice-versa). This is reflected in microeconomics via an upward shift in the downward-sloping demand curve.