Class 10 Exam > Class 10 Questions > Which factor would likely shift the demand cu...
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Which factor would likely shift the demand curve to the right?
- a)A rise in the price of complementary goods
- b)A decrease in consumer income
- c)An increase in advertising for a product
- d)A decrease in the price of substitute goods
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which factor would likely shift the demand curve to the right?a) A ris...
An increase in advertising can effectively boost consumer interest and preference for a product, leading to higher demand at all price levels, thus shifting the demand curve to the right.
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Which factor would likely shift the demand curve to the right?a) A ris...
Understanding Demand Curve Shifts
The demand curve represents the relationship between the price of a product and the quantity demanded by consumers. Several factors can cause this curve to shift, indicating changes in consumer demand.
What Causes a Rightward Shift?
A rightward shift in the demand curve indicates an increase in demand at all price levels. Among the options provided, the correct factor that would likely cause this shift is:
Increased Advertising
- When a company invests in advertising, it increases awareness and perceived value of the product among consumers.
- Effective advertising can create a stronger desire for the product, leading more consumers to buy it regardless of the price.
Other Options Explained
- Rise in Price of Complementary Goods:
- This would likely decrease demand for the product, as higher prices for complementary goods can deter consumers from purchasing both.
- Decrease in Consumer Income:
- A reduction in consumer income typically leads to a decrease in demand for normal goods, shifting the curve leftward.
- Decrease in Price of Substitute Goods:
- Lower prices for substitute goods can lead consumers to switch away from the original product, thereby decreasing its demand.
Conclusion
In summary, the correct answer is option 'C' because increased advertising enhances consumer interest and demand for a product, leading to a rightward shift in the demand curve. Understanding these factors is crucial for businesses and economists in predicting market behavior.
The demand curve represents the relationship between the price of a product and the quantity demanded by consumers. Several factors can cause this curve to shift, indicating changes in consumer demand.
What Causes a Rightward Shift?
A rightward shift in the demand curve indicates an increase in demand at all price levels. Among the options provided, the correct factor that would likely cause this shift is:
Increased Advertising
- When a company invests in advertising, it increases awareness and perceived value of the product among consumers.
- Effective advertising can create a stronger desire for the product, leading more consumers to buy it regardless of the price.
Other Options Explained
- Rise in Price of Complementary Goods:
- This would likely decrease demand for the product, as higher prices for complementary goods can deter consumers from purchasing both.
- Decrease in Consumer Income:
- A reduction in consumer income typically leads to a decrease in demand for normal goods, shifting the curve leftward.
- Decrease in Price of Substitute Goods:
- Lower prices for substitute goods can lead consumers to switch away from the original product, thereby decreasing its demand.
Conclusion
In summary, the correct answer is option 'C' because increased advertising enhances consumer interest and demand for a product, leading to a rightward shift in the demand curve. Understanding these factors is crucial for businesses and economists in predicting market behavior.
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Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer?.
Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
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Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Which factor would likely shift the demand curve to the right?a) A rise in the price of complementary goodsb) A decrease in consumer incomec) An increase in advertising for a productd) A decrease in the price of substitute goodsCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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