ENTREPRENEURSHIP

Detailed explanation-1: -A shift in the demand curve occurs when a determinant of demand other than price changes. It occurs when demand for goods and services changes even though the price didn’t.

Detailed explanation-2: -An increase in demand shifts the demand curve rightward, and a decrease in supply shifts the supply curve leftward. 1. Price rises.

Detailed explanation-3: -Demand schedule and demand curve A demand schedule is a table that shows the quantity demanded at each price. A demand curve is a graph that shows the quantity demanded at each price. Sometimes the demand curve is also called a demand schedule because it is a graphical representation of the demand scheduls.

Detailed explanation-4: -There is a movement along the demand curve when the quantity wanted of a single commodity changes due to a change in price, while all other factors remain constant. The demand curve shifts when the amount required of a particular commodity changes at each possible price due to a change in one or more other factors.

Detailed explanation-5: -Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.