Ask Question
21 September, 00:26

An increase in the degree a good is liked (the increase in the taste for a good) would

+3
Answers (1)
  1. 21 September, 00:47
    0
    Increase demand

    Explanation:

    Tastes and preferences of the consumers is one of the determinant of demand that would shift the demand curve rightwards or leftwards.

    Now, if there is an increase in the taste of the consumers for a good then as a result this would increase the market demand for that particular good. This would also shifts the demand curve of that good rightwards.

    If there is a positive change in the taste of the consumers for a good then they will buy more quantity of that good.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An increase in the degree a good is liked (the increase in the taste for a good) would ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers