Why Does The Demand Curve Shift To The Left?
October 7, 2022 ⚊ 1 Min read ⚊ Views 108 ⚊ BLOGThe reason for the shift in the demand curve is that when the income of a person increases, they will spend more on goods and services. The income effect is the most obvious reason, and many people will spend more money when their incomes increase. This will cause the demand curve to shift to the left.
Tags: Curves in economics