2020 · Q34
Normally, there will not be a shift in the demand curve when
General KnowledgeIndian Economy
- Aprice of a commodity falls
- Bconsumers want to buy more at any given price
- Caverage income rises
- Dpopulation grows
Explanation
A change in the commodity's own price causes a movement along the demand curve (expansion or contraction of demand), not a shift of the curve. Shifts are caused by changes in income, tastes, population or prices of related goods. Hence there is no shift in the demand curve when the price of the commodity falls.