Causes of Shift in Demand Curve
The shift in demand curve is caused by the change in the factors, other than price(i.e. change in non price factor.) Thus, the cause curve are as follows:-
I) Change in Income of Consumer
II) Change in Price of Related Goods
III) Change in Taste & Preference of Consumer
IV) Change in Advertisement
V) Change in Population Size
VI) Change in Price Expectations, etc
Chapter 2 Part 10
