changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .
Another question on Social Studies
Social Studies, 21.06.2019 16:00
Which term refers to a group or community that forms the focal point of a study and consists of all the people considered for evaluation in the research? a. sample b. population c. variable d. mean