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What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
What could cause a production possibilities frontier to shift to the right?
an increase in demand for the good. Such as a successful marketing campaign for the good.
What factors shift the demand curve?
the price of the good, customer income,tastes, expectations,number of buyers,price of related goods.
What effect does income have on demand?
An increase in income tends to shift the demand curve for a good or service:For a normal good, the curve will shift to the right, indicating an increase in the demand at the same price.For an inferior good, the curve will tend to shift to the left, indicating a decrease in demand at the same price.
Is income held constant along the demand curve?
Yes, an increase or decrease in income will cause a shift in the demand curve right or left depending on if the good is inferior, normal, or superior
What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
What could cause a production possibilities frontier to shift to the right?
an increase in demand for the good. Such as a successful marketing campaign for the good.
What factors shift the demand curve?
the price of the good, customer income,tastes, expectations,number of buyers,price of related goods.
How do consumers taste affect demand?
If people's taste shift away from good, demand curve will shift left, if people prefer a good more, demand shifts right.
What effect does income have on demand?
An increase in income tends to shift the demand curve for a good or service:For a normal good, the curve will shift to the right, indicating an increase in the demand at the same price.For an inferior good, the curve will tend to shift to the left, indicating a decrease in demand at the same price.
What are the factors determine the volume of production?
hwo to damand the cause of good sold.....how to determine the demand of production
Is income held constant along the demand curve?
Yes, an increase or decrease in income will cause a shift in the demand curve right or left depending on if the good is inferior, normal, or superior
How do you show on a demand curve an increase in the demand for a good?
You can choose to shift the demand curve to the right i.e. expansion of demand.
Which will not ceteris paribus causes the demand curve for good A to shift?
A change in the price of A.
What changes would not shift the demand curve for a good or service?
B a change in the price of the good or service
What are 5 factors that affect the demand of fast moving consumer good?
The 5 factors that affect the demand of fast moving consumer good include the price, quality, availability, competition and the use of the products. There are many other factors that affect the demand for such commodities
What is the difference between increase in demand and an increase in quantity demand?
Increase in demand::It imply rightwaed shift of demand curve.Therefore change in factors other than price.1. increase in taste increase in demand curve2. increase in popoulation increase in demand curve3. increase in income increase demand if normal good4. fall in income increase demand if an inferior good5. increase in price of substitute (pepsi) increase demand for good(coke)6. fall in price of complement (beer) increase demand for good7. if we expect the price of the product to increase in the future , our demand today will increase.Increse in quantity demanded::Movement up the demand curve.Therefore change in price-------- increase in price cause a decrese in quantity demanded,decrese in price cause an increase in quantity demanded .
