Dai3sjuliever Dai3sjuliever
  • 10-05-2017
  • Business
contestada

Which occurrence could cause the demand curve for cars in your city to shift to the left?

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Learnwell
Learnwell Learnwell
  • 17-05-2017
First of all, let's clarify what the shift of the demand curve to the left means. The curve shifts that way implies a higher demand for cars in the city. Demand being a function of price will grow as the price goes down. Therefore, an occurrence that could lead to the curve leftward shift is for example a vast promotional campaign on cars, bringing about discounts, therefore cutting prices of such products.
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