What Can Shift The Resource Demand Curve?
Learn how income, tastes, price, expectations, population and other factors can change the quantity demanded of goods and services. See examples of normal and inferior goods, substitutes and complements, and how they affect the demand curve. Learn how income, trends and tastes, prices of related goods, expectations, and size and composition of the population can affect the demand for goods and services. See examples of how each factor can cause a rightward or leftward shift of the demand curve. Price isn't the only factor that affects quantity demanded.
Changes in productivity using a resource can change the demand for a resource. What can shift the resource demand curve? The marginal revenue product (mrp) of the imperfectly competitive seller falls for two reasons, because ______. An increase in the productivity of a resource will______ the demand for the resource and vice versa. The resource demand curve can shift due to changes in the prices of other resources, product demand, and in specific cases, product supply. Resource prices mainly influence movements along the curve rather than shifting it.
