Question

What are the determinants (factors) that could cause a demand curve or market demand curve to shift?

Answer 1

The determinants that could cause a demand curve to shift:
- Change in consumer preferences, under the influence of advertising, fashion;
- Change in consumer income;
- Change in the number of consumers
- Сhange in prices for other goods, especially on goods substitutes, or complementary goods;
- Еconomic policy of the government.