When income of the consumer decline demand curve shift left to downward.Assumption:income .population.taste .habbit.whether.expected future price.
an increase in demand for the good. Such as a successful marketing campaign for the good.
Determinants of demand which are sometime also called as demand shifters is a number of factors that when they change they will cause the demand curve to shift.
A change in price level would cause movement along the demand curve, but would not cause the curve itself to shift.
True
When income of the consumer decline demand curve shift left to downward.Assumption:income .population.taste .habbit.whether.expected future price.
an increase in demand for the good. Such as a successful marketing campaign for the good.
Determinants of demand which are sometime also called as demand shifters is a number of factors that when they change they will cause the demand curve to shift.
A change in price level would cause movement along the demand curve, but would not cause the curve itself to shift.
True
True
It is something
Real shocks will determine the direction of the long-run aggregate demand curve. A real shock is an event or certain factors that cause more or less production. A war, for instance will halt factories from producing goods and will cause the aggregate demand curve to shift left. Higher production will lead to an outward shift to the right.
The aggregate demand curve will shift to the right as the economy expands. When that happens, the quantity of output demanded for a given price level rises.
social cost
Demand for more labor which was met by a renewed growth of slavery.
Momentum.