based on your responses to the previous questions how do you demand curves move when there is a increase or decrease in demand

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24-02-2021
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based on your responses to the previous questions how do you demand curves move when there is a increase or decrease in demand

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sebastiansierraocm sebastiansierraocm · Answer 1 · 2021-03-01T01:50:18+01:00

Answer:

When there is an increase in demand, the demand curve shifts to the the right, representing an increase in the willingness to pay of consumers at any price. This applies to factors increasing demand other than price: for example, higher need, or the rise of the price of a substitute good.

When there is a decrease in demand, the demand curve shifts to the left, representing a decrease in the willingness to pay of consumers at any price. This applies to factors decreasing demand other than price: for example, less need, or the fall of the price of a substitute good.

MM5iveee MM5iveee · Answer 2 · 2021-03-03T06:13:26+01:00

MM5iveee MM5iveee

03-03-2021

Answer: Demand curves move to the right when there is an increase in demand. They move to left when there is a decrease in demand.

Explanation: edmentum / plato

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based on your responses to the previous questions how do you demand curves move when there is a increase or decrease in demand ​

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based on your responses to the previous questions how do you demand curves move when there is a increase or decrease in demand