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Question 13 of 39

Q.Give economic terms.
Price being constant, demand falls due to unfavourable changes in other factors.

Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2022Subjective· 1mImportance★★★★★
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The economic term is Decrease in demand — a fall in demand caused by unfavourable changes in factors other than the good's own price, shown by a leftward shift of the demand curve.

A change in the quantity demanded caused only by the good's own price is a movement along the curve (contraction when price rises). But when the good's own price stays constant and demand changes because of other determinants — such as a fall in income, a fall in the price of substitutes, or a change in tastes — the entire demand curve shifts:

| Change | Cause | Curve |

|---|---|---| …

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