What factors influence the shift of a demand curve?
Well, the demand curve can either shift left or rightA shift of the curve would be infleunced by a non price factor which would lead to a increase or decrease in demand.Non price factors include :(Change in)WeatherTaste IncomeEconomic stability Price of substite goods.
TD
Related Economics IB answers
All answers ▸Explain why a firm in perfect competition can not experience abnormal profit in the long run.
What are the macroeconomic objectives?
Assuming an increase in the market demand for petrol, analyse the role of the price mechanism in reallocating resources.
How might an increase in average income levels affect the average price level?