Lesson 4- Factors that may shift the Demand curve

Question 1

What are other factors that affect demand and how will it affect demand?

Answer 1

1. Income of the consumers- increase demand
   2.Price of substitutes- increase demand
2. Price of compliments- fall in demand
3. Advertising- increase demand
4. Positive taste and fashions- increase demand
5. Population increase- increase demand
   7.Immigration- increase demand
6. Emigration- fall in demand
7. Interest rates- fall in demand

Question 2

What will happen to the demand curve if any of the other factors occur?

Answer 2

The demand curve will either shift to the right or to the left.