0 votes
in Revision by

What are the factors that cause a shift of the demand curve to the right?

1 Answer

0 votes
by (47.6k points)

Factors that may have caused a shift of the demand curve to the right.

  • Incomes of the people could have increased.
  • The tastes, fashions and preferences for the commodity could have changed favourably.
  • Total population in the country could have increased.
  • The prices of substitutes could have increased.
  • Government policy (increase in subsidies, reduction of taxes.
  • Seasonal changes.
  • Future expectations of increase in prices.
  • Future expectations of decrease in quantities supplied.
  • Decrease in price of complementary goods. 

Related questions

Register, ask, and answer questions to earn more points and privileges. Some features are disabled for users with few points.
Welcome to Kenyayote Q&A, the largest community site in Kenya where you can ask any question and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.

If you are ready to ask, provide a title about your question and a detailed description of your problem.

Register to join Kenyayote Ask Community.
...