Figure 9-3 -Suppose that U.S. tastes for British goods increase. Then, in Figure 9-3 A)the supply curve shifts from S₁ to S₂ B)the supply curve shifts from S₂ to S₁ C)the demand curve shifts from D₂ to D₁ D)the demand curve shifts from D₁ to D₂ E)both demand and supply shift to the right

Question

Quizplus · Accepted Answer

An increase in U.S. tastes for British goods would lead to an increase in demand for British goods, shifting the demand curve from D₁ to D₂.

Figure 9-3 -Suppose That U.S. Tastes for British Goods Increase. Then, in Increase