List the different factors that cause a demand curve to shift
The factors that may cause the demand curve of a good to shift are: changes in the income of consumers, a change in the population or composition of population of an economy, changes in consumers' tastes, changes in consumers' expectations, and changes in the prices of closely related goods.
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Which of the following relationships is likely to exhibit negative correlation?
A) The relationship between inflation in the U.S. and traffic congestion in China B) The relationship between amount saved with a bank and the interest earned C) The relationship between the amount of precipitation in a year and the number of umbrellas sold D) The relationship between level of professional training and unemployment
International data on the history of real GDP growth rates shows that over the last 120 years or so, rich countries got richer and poor countries got poorer
a. True b. False Indicate whether the statement is true or false