If the number of consumers in a market increases, the market demand curve will
A) decrease, which is a shift to the left of the demand curve.
B) increase, which is a shift to the right of the demand curve.
C) not shift, but rather this will just cause a movement along the demand curve.
D) do none of the above.

Question

Quizplus · Accepted Answer

An increase in the number of consumers in a market will increase the demand for the product, leading to a shift to the right of the demand curve.

If the Number of Consumers in a Market Increases, the Market