Shift in Demand and Supply Scenarios
Shift in Demand and Supply Scenarios
Suppose there is an improved awareness in health and people started buying more vegetables of instead of chicken. What will happen to the demand for vegetables in the following scenarios.
1. Increase in the price of vegetables
2. Decrease in the price of pulses which can be used as vegetables
3. There is an increase in the price of eggs which can also be used as a supplement for vegetables.
Leave a Reply
Want to join the discussion?Feel free to contribute!