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★★★★★
33% · 13/39 Questions
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Start your 14-day free trial to unlock the full solution →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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