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A shift to the left on the demand curve indicates a decrease in demand for a good or service. This can occur due to various factors, such as an increase in the price of substitutes, a decrease in consumer income, changes in consumer preferences away from the product, or negative consumer expectations about the future. Additionally, factors like increased taxes or regulations affecting the product can also contribute to this decrease in demand.

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1mo ago

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A decrease in supply is represented by?

Shift of the curve to the left.


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An increase in labor cost will decrease supply, so the supply curve will shift left.


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It would probably cause the supply curve upwards and shift to the left.


What changes could cause a demand curve to shift, and how do these changes affect the direction of the shift?

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When consumers taste change the demand curve will?

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