ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Rightward Shift denotes a rise in demand at the same price due to a favourable shift in non-price variables. Leftward Shift: When the price remains constant, but other factors move unfavourably, this indicates a drop in demand.

Detailed explanation-2: -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.

Detailed explanation-3: -When demand curve shifts right and supply curve to the left, the equilibrium price increases but the equilibrium quantity may increase, decrease or remain same, depending on the magnitude of shift in the two curves.

Detailed explanation-4: -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-5: -Increase in demand is an increase in the number of units that consumers would choose to buy at each and every price. It is represented graphically by a rightward shift of the demand curve.