A shift to either the left or the right in a demand curve is called

Question

Quizplus · Accepted Answer

A shift in the demand curve, whether it moves to the left or the right, is caused by a change in a non-price factor affecting demand, such as changes in consumer tastes or preferences, income, prices of related goods, or demographic changes. This is different from a change in quantity demanded, which refers to a movement along the demand curve caused by a change in price.

A Shift to Either the Left or the Right in a Demand