Question

For a honda accord, some factors shift demand left and others shift it right, as shown. classify each factor by how it shifts the current demand curve to a new position.

Answer 1

These are the factors by how it shifts the current demand curve to a new position:

Shifts left

- 2% rebate on a Toyota Camry, a substitute good  

- Big sale coming in three months  

Shifts right

- Free brake inspections

- Consumers' income increases by 10%