Difference between revisions of "Shift in demand"
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| − | '''Shift in demand''' is a change in the location or shape of the [[demand curve]] due to a change in something other than [[price]]. A shift in demand results in a different [[demand]] at a given price. | + | '''Shift in demand''' is a term of [[Economics]] describing change in the location or shape of the [[demand curve]] due to a change in something other than [[price]]. A shift in demand results in a different [[demand]] at a given price. |
[[Category:Economics terms]] | [[Category:Economics terms]] | ||
Revision as of 20:48, May 2, 2008
Shift in demand is a term of Economics describing change in the location or shape of the demand curve due to a change in something other than price. A shift in demand results in a different demand at a given price.