Question

What factors can cause a shift in demand? Give one example of each of these factors at work

for goods and services you have consumed.

Answer 1

There are many factors that can cause a shift in demand. Some of them are given below.

1. Change in Population: When the population increase or decrease in an area that cause the shift in demand. Like as when summer comes in my area the population increase.As a result the demand of ice cream increases.

2. Change of taste: Like as when i find the special edition of a service the demand goes up.

3. Income of consumer: When i income more money i go to pub more. But during low income period i control about this.

Step-by-step explanation: