Which of the following is most likely to shift the demand curve for electricity to the left?

a. a decrease in the price of electricity.
b. an increase in the price of natural gas, a substitute source of energy.
c. consumers becoming more energy conscious.
d. an increase in income.

2 Responses to “Which of the following is most likely to shift the demand curve for electricity to the left?”

  1. Anjaree Says:

    I would go for C. In the case of A, it is a movement along the demand curve. B is not true, gas can be used to run generator. D will shift the demand to the right.

  2. Stephanie Says:

    A shift in the demand curve that moves to the left means that the demand has decrease, therefore:

    a.) this would increase the demand (shift to the right) because prices for electricity is lower, therefore increasing demand.

    b.) this would not affect the demand curve as much because it’s only a substitute, meaning that there are other choices for energy.

    c.) because the consumers are more energy conscious, this means that they dont want to use as much electricity, therefore shifting the demand curve to the left.

    d.) an increase in income would totally shift the demand curve to the right because the people have more money to spend or they dont have to be so conscious about the electricity bill.

    does this help? :]