Why isn't price a factor in influencing a left or right shift in the demand curve? What does it mean when there is a shift to th

Question

Maru [420]

3 years ago

15

Why isn't price a factor in influencing a left or right shift in the demand curve? What does it mean when there is a shift to th

e right?

History

1 answer:

madreJ [45] · Answer 1 · 2022-09-25T01:28:59+03:00

Answer:

Demand curves can shift. Changes in factors like average income, trend and taste and many more affects the demand of a product and preferences can cause an entire demand curve to shift right or left.

shift to the right indicates an increase in demand at whatever price because a factor, such as consumer trend or taste, has risen for it.

Explanation: