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Which of the following would cause the demand curve to shift downward and to the left group of answer choices?Answer and Explanation: The correct answer is b) an increase in the price of a substitute good. The shift of the demand curve to the left refers to a fall in demand.
Which of the following will cause the demand curve to shift?Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include changes in tastes, population, income, prices of substitute or complement goods, and expectations about future conditions and prices.
Which of the following factors will lead to a leftward shift in the demand curve?A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve for an inferior good shifts to the left.
Which of the following will result in a decrease in demand ie a leftward shift of the demand curve )?As shown in the figure when there is a leftward shift of demand i.e., decrease in demand and supply being constant quantity demanded as well as price will reduce for that commodity.
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