Population of Carlsbad, NM. Last official estimated population of Carlsbad city (Eddy County**, New Mexico state) was 28,103 (year 2014)[1]. This was 0.009% of total US population and 1.35% of total New Mexico state population. Area of Carlsbad city is 29.2 miÂ² (=75.6 kmÂ²)[6], in this year population density was 963.06 p/miÂ².
A leftward shift in demand would decrease the quantity demanded to 20 units at the price of $40. With a decrease in demand, there is a lower quantity demanded at each an every price along the demand curve. A change in tastes and preferences will cause the demand curve to shift either to the right or left.
Figure 7-7 shows the relationship of aggregate demand to aggregate supply in early 1992. You may recall the flat portion of the aggregate supply curve corresponds to the slack of excess capacity that an economy builds during a recession and times of weak economic growth.