For each of the below, indicate if the curve in question would shift to the left, to the right, or not at all. Assume perfect competition, and that other than the change listed everything else remains the same (i.e. ceteris paribus).

How would the DEMAND CURVE shift if there was:

A decrease in income and the good is a normal good

An increase in the price of a substitute good

An increase in population

A decrease in the taste for the good

An increase in the price of a complementary good

How would the SUPPLY CURVE shift if there was:

An increase in the number of firms in the market

An increase in the current price of the product

A decrease in productivity

Answer rating: 100% (QA)

An decrease in income and good in normal good In this case the demand curve shifts to right when con... View the full answer