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Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
A movement along the demand curve for toothpaste would be caused by?
A movement along the demand curve for toothpaste would be caused by an increase or decrease in the price of toothpaste. This change would then lead to a change in the quantity demand.
Aggregate supply curve is perfectly inelastic an increase in agregate demand will lead to?
Inflation.
Why price on y-axis in demand function?
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
What characteristics lead to an upward-sloping supply curve?
Increasing opportunity costs.Increasing marginal costs.
Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
Does the change in consumer tastes lead to a movement along the demand curve or a shift in the demand curve?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
A movement along the demand curve for toothpaste would be caused by?
A movement along the demand curve for toothpaste would be caused by an increase or decrease in the price of toothpaste. This change would then lead to a change in the quantity demand.
Aggregate supply curve is perfectly inelastic an increase in agregate demand will lead to?
Inflation.
Why price on y-axis in demand function?
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
What characteristics lead to an upward-sloping supply curve?
Increasing opportunity costs.Increasing marginal costs.
What are the factors responsible for abnormal demand curve?
Several factors can lead to an abnormal demand curve, including changes in consumer preferences, shifts in income levels, fluctuations in the prices of related goods, and variations in consumer expectations. Additionally, external factors such as advertising, government policies, and seasonal trends can also impact demand curves. These factors can cause the demand curve to shift or become more elastic or inelastic, deviating from the typical downward-sloping demand curve.
Cause the aggregate demand curve to shift outward?
Real shocks will determine the direction of the long-run aggregate demand curve. A real shock is an event or certain factors that cause more or less production. A war, for instance will halt factories from producing goods and will cause the aggregate demand curve to shift left. Higher production will lead to an outward shift to the right.
Derive aggregate demand curve from aggregate expenditure model?
an increase in price level would lead to a fall in AE, vice versa. So by plotting those points out, you can derive an AD curve
Why does a demand curve for houses shift to the right?
A change in demand of a house shift from right occurs when the availability of land is nt well secured or used it will lead to the change in demand of house. When the price of the consumer is above his expectation. Also the weather condiion can also brought to a change in demand.
Does a change in producers' technology lead to a movement along the supply curve or shift in the supply curve?
just lead to a shift in the supply curve.
Does a change in producers' technology lead to a movement along the supply curve or a shift in the supply curve?
Changes in a producer's technology can lead to a SHIFT in the supply curve.
