Change in Demand / Shifts in Demand curve
Learning Contents: · Increase in Demand · Decrease in Demand Introduction As studied in previous post related to the determinants of demand that states, it is not only the price which cause changes in the demand for the commodity but in the real world there also exist other factors such as the income of the consumer, price of related goods, taste and preferences of the consumer, etc. that affect the demand for the commodity. Demand for a commodi...