The three main causes of the rightward shift of demand curve are as follows:
(i) Increase in the income of the consumer.
(ii) Price of a substitute good has increased....
Main causes of increase in demand or rightward shift in demand of a commodity are as under:
(i) Income of the Consumer: With increase in income of the consumer, the...
Yes, we do agree with the given statement that the supply curve is the rising portion of marginal cost curve over and above the minimum of Average Variable Cost curve,...
Causes of rightward shift of supply curve are:
(a) Use of improved technology: It reduces cost. Price remaining unchanged, profit rise. This leads to shift of supply curve to the right.
(b)...