A shift of the demand curve can be seen when a Ceteris paribus,take place and the average income of Americans increases
What factors affect demand ?
The quantity of a product that a buyer is willing and able to buy at each price is what we referred to as demand. That implies that there are at least two more factors besides price that influence demand.
According to what economists refer to as tastes and preferences, being willing to buy implies a desire. You won't purchase something if you don't need it or want it. Income is suggested to be crucial by the ability to purchase. Due to their higher incomes, professors can typically afford better housing and transportation than students.
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