Discuss the concept of change in …
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Posted by Akssa Begum 4 years, 11 months ago
- 3 answers
Kripa Agrawal 4 years, 11 months ago
Yogita Ingle 4 years, 11 months ago
Changes in demand include an increase or decrease in demand. Due to the change in the price of related goods, the income of consumers, and the preferences of consumers, etc. the demand for a product or service changes.
So there are two possible changes in demand:
- Increase (shift to the right) in demand
- Decrease (shift to the left) in demand
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Akssa Begum 4 years, 11 months ago
0Thank You