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: -When there is an increase in number of consumers then there will be an increase in demand and the demand curve will shift towards the right thereby increasing the quantity demanded and price of the product.

Detailed explanation-3: -An increase in the price of a product causes an increase in demand for substitute products and a decrease in demand for the product’s complements. Consumer expectations cause people to demand either more or less of a good. A change in the total number of consumers causes the entire demand curve to shift right or 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: -The general consensus amongst economists is that these are the primary factors that cause a change in supply, which necessitates the shifting of the supply curve: Number of sellers. Expectations of sellers. Price of raw materials.