An increase in the demand for a good means that
A) the demand curve has shifted to the left.
B) the good's price has fallen and, as a result, consumers are buying more of the good.
C) the good has become scarce.
D) consumers are willing to purchase more of the good at each possible price.

Question

Quizplus · Accepted Answer

An increase in demand means that at every price level, consumers are willing to buy more of the good, which is represented by a rightward shift of the demand curve.

An Increase in the Demand for a Good Means That