What changes could cause a demand curve to shift, and how do these changes affect the direction of the shift?

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1066842

2026-05-21 14:50

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Changes in factors such as consumer income, preferences, prices of related goods, and expectations can shift a demand curve. An increase in consumer income or preferences for a product can shift the demand curve to the right, indicating higher demand. Conversely, a decrease in income or preferences can shift the demand curve to the left, indicating lower demand.

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