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What happens to the determinant for you to get the shift? Demand Rightward Shift Leftward Shift 1. Population Population increases Population decreases 2. Income Inferior

What happens to the determinant for you to get the shift?

Demand Rightward Shift Leftward Shift
1. Population Population increases Population decreases
2. Income
Inferior good Income decreases and results to higher consumption of inferior good
Luxury good Increase in income
Normal Good Increase in income Decrease in income
3. Taste and Preferences Trend Out dated
4A. Price of Substitutes

Original good increases in demand when the price of substitute goods increases

Substitute goods increases in demand when...

4B. Price of Complimentary goods
5. Consumer foresight Positive outlook If people feel that they are better-off in the future their consumption at present will be...
6. Other factors In occasion
Demand Rightward Shift Leftward Shift
7. Number of Sellers Increase number Lesser seller
8. Cost of Production Decrease Price of raw materials Increase in P of raw materials
9. Goal of sellers
10. Price of Production
Substitutes
11. Other factors

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