One factor that causes a leftward shift of the demand curve out of the following isa) Rise in incomeb) Fall in the price of substitute goodsc) Rise in the price of complementary goodsd) Fall in incomeCorrect answer is option 'D'. Can you explain this answer?

Question

One factor that causes a leftward shift of the demand curve out of the following isa) Rise in incomeb) Fall in the price of substitute goodsc) Rise in the price of complementary goodsd)  Fall in incomeCorrect answer is option 'D'. Can you explain this answer?

Answer

For example if a consumer daily buys a ltr of pasteurized milk.If his income falls it shifts the demand curve to left, as a result of changing his demand to a ltr of toned milk

Answer

No fall in price for substitute goods will lead to increament in demand but it could be rise in price of complementry good . as rise in price of complementary good leads to decrease in demand of our good , also rise in income is right answer

Answer

Fall in income cause leftward shift in demand curve because when person's income decreases he will stop buying unnecessary goods.it will result in fall in demand curve. when demand decrease demand curve shifts leftward.

Answer

It will be 'B' as because they have not mentioned that the good purchased is inferior good.If that was the case A would be correct.But here it's mentioned that what factors lead to leftward shift and that will obviously be option B because as the price of substitute good fall demand for it will decrease

Answer

Explanation:

1. Introduction:
In this question, we are asked to identify one factor that causes a leftward shift of the demand curve. The demand curve represents the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices, holding all other factors constant. A leftward shift of the demand curve indicates a decrease in demand for the good at each price level.

2. Factors causing leftward shift of demand curve:
There are several factors that can cause a leftward shift of the demand curve, but the correct answer in this case is option 'A', a fall in income. Let's understand why this is the correct answer and why the other options are incorrect.

3. Fall in income:
When there is a fall in income, consumers have less purchasing power, which leads to a decrease in their ability to buy goods and services. This decrease in income reduces the demand for most goods and causes a leftward shift of the demand curve. Consumers may have to prioritize their spending and cut back on certain goods, leading to a decrease in demand.

4. Fall in the price of substitute goods:
Option 'B' states that a fall in the price of substitute goods causes a leftward shift of the demand curve. However, this is incorrect. A fall in the price of substitute goods actually increases their attractiveness relative to the good in question, leading to a decrease in demand for the good and a rightward shift of the demand curve.

5. Rise in the price of complementary goods:
Option 'C' states that a rise in the price of complementary goods causes a leftward shift of the demand curve. This is also incorrect. A rise in the price of complementary goods decreases their attractiveness relative to the good in question, leading to a decrease in demand for the complementary goods and a leftward shift of their demand curves, but it does not directly affect the demand for the good in question.

6. Rise in income:
Option 'D' states that a rise in income causes a leftward shift of the demand curve. This is also incorrect. An increase in income leads to an increase in purchasing power and an increase in the ability to buy goods and services. This generally leads to an increase in demand for most goods and a rightward shift of the demand curve.

7. Conclusion:
In conclusion, a fall in income is the correct answer as it directly affects the purchasing power of consumers and leads to a decrease in demand for most goods, causing a leftward shift of the demand curve.

Answer

It can also be fall in price of substitute goods

Answer

Isme 'B' 'C' 'D' teeno aavega . Ye question hi glt daale h.Iske answer k hisab t to sirf inferior good ki demand curve leftward shift ho s .Puzzle kre h bhai ye.

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