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For example, utilizing Coke-Cola the following could cause a decrease in demand.

1. People decide that they like Coke less than before maybe because they like water more.

2. There is a decrease in the number of buyers of coke.

3. Incomes fall and Coke is a normal good.

4. The price of Pepsi falls.

5. People buy less Coke because they expect the future price fo fall. Any of these factors cause a leftward shift in demand. Conversely, a decrease in quantity demanded results only from an increase in the price of coke. Why has the demand for cokes in the market fallen? What has helped market demand?

Microeconomics, Economics

  • Category:- Microeconomics
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