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What is Chang in demand

User GDmac
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Answer:

the result of a change in any of the demand, such as consumer preferences

Step-by-step explanation:

A change in demand is the result of a change in any of the demand determinants, such as consumer preferences, consumer expectations, consumer income, the price of related products and the number of buyers. When consumer income decreases, consumer spending decreases; therefore, consumers spend less on any given price level.

User Rickerbh
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8 votes

Answer:

A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price.

User Jhegedus
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