A shift of the demand curve occurs if there is:

Question

Quizplus · Accepted Answer

A shift of the demand curve occurs when there is a change in any factor other than price that affects the quantity demanded at every price level. This can include changes in consumer income, tastes and preferences, the price of substitute or complementary goods, or demographic and market trends. An increase or decrease in price itself would result in a movement along the demand curve, not a shift. A shift of the supply curve to the left would affect the equilibrium price and quantity, but would not directly affect the demand curve.

A Shift of the Demand Curve Occurs If There Is