This preview shows page 1. Sign up to view the full content.
Unformatted text preview: price of the good. A decrease in price causing a rise in quantity demanded will cause a contraction in the demand curve. Other factors that cause quantity demanded to rise or fall make the demand curve shift. If the demand curve shifts to the left quantity demanded rises. Factors that cause the demand curve to shift include price of substitutes, advertising, indirect taxes and income....
View Full Document
This note was uploaded on 02/08/2012 for the course STA 2021 taught by Professor Xu during the Spring '11 term at FIU.
- Spring '11