A shift to the right in a demand curve represents an increase in demand. This means that at each price level, consumers are now willing to purchase more of the good or service than they were before. Factors that can cause this increase in demand include changes in consumer preferences, an increase in income (for normal goods), or a decrease in the price of substitutes.
What is represented by a shift to the right in a demand curve?
increase in demand
decrease in income
increase in substitution
decrease in demand
1 answer
1 answer