Which of the following would not shift the demand curve forward (rightwards)? a) rise in the...
Question:
Which of the following would not shift the demand curve forward (rightwards)?
a) rise in the income of consumers.
b) rise in the price of a substitute.
c) fall in the price of complementary.
d) decrease in own price of the commodity.
Demand Curve:
The demand curve is a reflection of market or individual demand regarding a particular commodity. A shift occurs in the demand curve due to a change in an individual's behavior or group of individuals in a market regarding a particular commodity.
Answer and Explanation: 1
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View this answerThe correct option is d) decrease in own price of the commodity
It is correct because a shift in demand curve occurs when the price remains constant...
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The Market Demand Curve: Definition, Equation & Examples
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Chapter 7 / Lesson 11
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Learn about the market demand curve definition. Find out about the importance of a market demand schedule and how to plot market demand on a graph.
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