If an upward curve shifts left, what has happened?

Social Studies

1 answer:

Anastasy [175]2 years ago

5 0

If an upward curve should shift left it shows that a fall or decrease has happened.

Lets say assume the demand curve shifts to the left. The demand curve is a curve that shows us the graphical relationship between price and quantity.

If the curve shifts to the left, it shows that there is a fall in the quantity demanded of goods. It means that the price of the product has increased and the consumers have reduced their demand of the good.

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