(Figure: Demand for Shoes) A shift to the right of the demand curve could be caused by a(n)

Question

Quizplus · Accepted Answer

An increase in income if the good is a normal good would cause a shift to the right of the demand curve, as consumers would be willing to purchase more shoes at any given price level. Decrease in tastes or preferences would cause a shift to the left of the demand curve, increase in the price of a complement would also cause a shift to the left of the demand curve, and decrease in the price of a substitute would cause a shift to the left of the demand curve.

(Figure: Demand for Shoes) a Shift to the Right of the Demand