ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a popular toys loses appeal
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suppliers expect higher prices in the future
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price of a substitute good decreases
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huge population increase
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Detailed explanation-1: -A decrease in the money supply.
Detailed explanation-2: -Increases in demand cause a shift to the right in the demand curve and are caused by some factors; a rise in income, a rise in the price of a substitute or a fall in the cost of a compliment.
Detailed explanation-3: -When the population increases, the overall demand for goods and services also increases in the economy. This results in the shift of the market demand curve to the rightward direction.
Detailed explanation-4: -Changes in factors like average income and preferences can cause an entire demand curve to shift right or left. This causes a higher or lower quantity to be demanded at a given price.
Detailed explanation-5: -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