Market Equilibrium and Shifts in Demand and Supply

-Comparing column B with column A,it appears that a(n)__________ has occurred.
A) increase in quantity demanded
B) increase in demand
C) decrease in quantity demanded
D) decrease in demand
E) increase in supply

Question

Market Equilibrium and Shifts in Demand and Supply
 
-Comparing column B with column A,it appears that a(n)__________ has occurred.
A) increase in quantity demanded 
B) increase in demand 
C) decrease in quantity demanded 
D) decrease in demand 
E) increase in supply

Quizplus · Accepted Answer

The quantity demanded has remain unchanged from 50 units in column A to 50 units in column B, but the price has increased from $5 to $8. Thus, the increase in price has not discouraged consumers from buying the product which indicates an increase in demand.