The current demand curve for milk is controlled by the amount of Sunlight the northern hemisphere gets. This being said, the majority of the population is concentrated in the northern half of the equator.
As we all know, milk is a great source of Calcium but to activate this, Vitamin D is required, hence the correlation between the amount of Sun available to the people and the demand for milk.
There can be many factors which an contribute to the demand curve for milk. One being the amount of cheese the French make. An increase of the cheese market would increase the demand for milk and as stated before, France is in the northern hemisphere.
Other factors which will shift the demand for milk can be due to the relation between the population of the cows. If an outbreak such as the Mad Cow Disease were to take place, there would be a reduction in the demand for milk. Similarly, if aliens were to abduct more cows, this would make cows rare and milk shares would raise increasingly due to the high demand.
Hope that helps,
God Bless America
All factors other than price will shift the demand curve. Price moves along the demand curve.
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
A shift in the demand curve shows either an increase or a decrease in demand. If more people suddenly start buying an item, their demand for it increases and the curve will shift. Likewise, if people stop buying a product the curve will also shift, but in the opposite direction.
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
it will shift the supply curve to the right
All factors other than price will shift the demand curve. Price moves along the demand curve.
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
A shift in the demand curve shows either an increase or a decrease in demand. If more people suddenly start buying an item, their demand for it increases and the curve will shift. Likewise, if people stop buying a product the curve will also shift, but in the opposite direction.
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
it will shift the supply curve to the right
You can choose to shift the demand curve to the right i.e. expansion of demand.
by a shift to the right of the demand curve
Aggregate demand curve.
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.
Shift in demand curve is affected by the change in prices of substitutes, change in consumer's behaviour, tastes and income etc.
An increase in demand is represented by a shift of the demand curve to the right; not a movement along the demand curve. An increase in the quantity demanded would be a movement down the demand curve.