Which of the following factors would most likely cause a shift in the demand curve for candles? An increase in the price of wax used to make candles. Improved technology that makes candles less costly to produce. Falling incomes, due to a weakening economy. A decrease in the number of factories making candles.

Respuesta :

Answer:

Falling Incomes, due to a weakening economy

Explanation:

Falling in income would reduce the disposable income of consumers. Less income means consumers will be able to afford fewer goods (in this case, candles). As a result, demand for candles will reduce, resulting in a shift of demand curve to the left. As shown the diagram attached, Demand Curve for candles shifts to the left due to falling income, resulting in decline quatity demand from Q0 to Q1 and fall in price of candles from P0 to Q1

All others options are factors affecting supply of candles that will result in a shift of the supply curve.

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