ECONOMICS (CBSE/UGC NET)

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.

Detailed explanation-3: -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-4: -decrease in demand. When there is a leftward shift of a demand curve, the quantity desired at each price is less. The quantity corresponding to each level of price is lower than it was before. This is called a decrease in demand.

Detailed explanation-5: -A positive change in supply when demand is constant shifts the supply curve to the right, which results in an intersection that yields lower prices and higher quantity. A negative change in supply, on the other hand, shifts the curve to the left, causing prices to rise and the quantity to decrease.