Refer to the accompanying figure. Moving from demand curve D1 to demand curve D2 could be caused by a(n):
A)decrease in the product's expected future price.
B)increase in quantity supplied.
C)increase in the price of a close substitute.
D)increase in the price of a complement.

Question

Refer to the accompanying figure. Moving from demand curve D1 to demand curve D2 could be caused by a(n): 
A)decrease in the product's expected future price. 
B)increase in quantity supplied. 
C)increase in the price of a close substitute. 
D)increase in the price of a complement.

Quizplus · Accepted Answer

An increase in the price of a substitute shifts demand rightward.

Refer to the Accompanying Figure