Responses
Consumer change in taste increases demand for plant-based food.
Consumer change in taste increases demand for plant-based food.
Consumers expect the price of a tablet to increase tomorrow so demand increases now.
Consumers expect the price of a tablet to increase tomorrow so demand increases now.
The price of complements increases by 20 percent.
The price of complements increases by 20 percent.
The price of substitute goods increases by 20 percent.
1 answer
The scenario in which the demand curve for normal goods shifts to the left is:
The price of complements increases by 20 percent.
When the price of complementary goods increases, the demand for the original good tends to decrease, causing the demand curve to shift to the left. In contrast, the other scenarios would typically result in an increase in demand.
