If people expect prices to go up, they're more likely to buy now, shifting the demand curve to the right. If they expect prices to go down, they're likely to hold off on buying, shifting the demand curve to the left.

If an increase in price is expected, consumers will want to stock more of a commodity. Hence, the demand will increase.

Explanation: If the number of buyers has increased in the market, it implies that more people are making demand for a product due to which demand will increase, and this increase in demand will shift the demand curve to the right.

Price of product. The single-most impactful factor on a product's demand is the price. ...

Tastes and preferences. Consumer tastes and preferences have a direct impact on the demand for consumer goods. ...

Consumer's income. ...

Availability of substitutes. ...

Number of consumers in the market. ...

Consumer's expectations. ...

Elasticity vs.

As we can see on the demand graph, there is an inverse relationship between price and quantity demanded. Economists call this the Law of Demand. If the price goes up, the quantity demanded goes down (but demand itself stays the same). If the price decreases, quantity demanded increases.

There is a movement along the demand curve when the quantity wanted of a single commodity changes due to a change in price, while all other factors remain constant. The demand curve shifts when the amount required of a particular commodity changes at each possible price due to a change in one or more other factors.