Economics · Theory of Demand
Which of the following determinants causes a rightward shift in the demand curve, ceteris paribus?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase in production cost
- 2Increase in prices of substitutes✓
- 3Decrease in income for inferior goods
- 4Increase in price of the commodity
Correct answer
Increase in prices of substitutes
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