How Does A Demand Curve Shift To The Right?

October 7, 2022 ⚊ 1 Min read ⚊ Views 94 ⚊ BLOG

demand curve shifts when the demand of a good or service changes because of a change in the consumer’s preferences. For example, the demand for chicken increased in the United States from the 1980s to the mid-1990s. At the same time, the demand for beef declined. If the consumer changes his or her preferences for one type of food over another, the demand curve will shift to the right.

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Tags: Curves in economics