Question

What will make the demand line shift?

please provide example and very easy to explain terms so that i can understand and rewrite it.

Answer 1

Some of the factors that influence the demand line to shift either leftward or rightwards are

1. expectation of the consumer

2.income of the consumer

3.taste and preference of the consumer

4.availability of the substitute in the market

for example if any consumer is having an income and after some yer if his income increases then the demand will also increase and this will cause the shift of demand curve to the right