A change in the price of a product causes movement along the demand curve. What would cause the entire demand curve to shift

The entire demand curve may shift for a number of reasons including: a rise or fall in a competitors price, a rise or fall of consumers’ income, or the rise or fall of the price of a complementing product.

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Tundexi Tundexi · Answer 2 · 2021-11-05T15:17:09+01:00

Demand curve is a graph that shows the relationship between the price of a product and its quantity demanded.

The curve on the graph does shift if there is no change due to increase or decrease in price which affected the quantity demanded.

The factors that could cause entire demand curve shift includes

Rise or fall in a competitors price
Rise or fall of consumers’ income
Rise or fall of the price of a complementing product.

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