does product improvement make demand curve shift to the left or don't shift the demand curve? why?
Answer:
It depends on how desirable the improvements are for the users and on the situation with the substitutes. If the improvements are desirable and/or there are close substitutes, the demand curve will shift to the RIGHT (consumers will want to buy more at any given price). If neither of those holds, there will be no impact on demand whatsoever.
It could go in any direction. Suppose that someone invents a new dishwashing detergent that requires very little detergent. The demand curve would shift to the left. However, if the product requires more detergent, but has other better properties, then the demand might shift to the right.
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers:
Does anyone out there have to read High Noon 20 Global Problems and 20 Years to Solve them for 9th Grade?
What do you think the national unemployment rate will be this year (2007)? Higher or Lower than 2006? Why?
Coming from a wealthy family is "ESSENTIAL" or very important to getting AHEAD.What do you feel??
Isn't it ironic the boost the chinese economy gets from americans using fireworks to celebrate 4th of july?
If SUDDENLY IN THIS VERY DAY we have NO MORE OIL, what would happen to our INDUSTRIES? Our CARS? ...OUR WORLD?
What is the role of competion in the marketplace?
Are high density cities more exspensive to live in than lower ones?
How can the objective of modernization andremoval of unemployment be coincided?
Limit in math?