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Factors Shifting Demand Curve:
Direction of Shift in Demand Curve
Effect on Equilibrium Price
Effect on Equilibrium Quantity
Increase in income
Increase in price of
Decrease in price of
Increase in taste and
preference for good
Decrease in taste and
Increase in number of
Decrease in number of
Market demand curve is the graphic representation of the market demand which shows the quantities of the commodity to which the consumers are willing able to purchase during the period of time at various alternative prices/costs, while holding constant everything else which effects the demand. The market demand curve for the commodity is negatively sloped, indicating that more of the commodity is purchased at the lower price.
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