Figure 13-4B
-In Figure 13-4B above, the demand curve shifts from D2to D3(B). This most likely represents
A) an increase in demand resulting from competitor or consumer changes.
B) an increase in demand that required a decrease in price.
C) no change in price and no change in demand.
D) no change in demand or price but a greater profit due to economies of scale.
E) a decrease in price from $8 to $6 per unit.

Question

Figure 13-4B
-In Figure 13-4B above, the demand curve shifts from D2to D3(B). This most likely represents
A) an increase in demand resulting from competitor or consumer changes. 
B) an increase in demand that required a decrease in price. 
C) no change in price and no change in demand. 
D) no change in demand or price but a greater profit due to economies of scale. 
E) a decrease in price from $8 to $6 per unit.

Quizplus · Accepted Answer

The shift from D2 to D3(B) indicates an increase in demand, which is typically due to changes in consumer preferences or competitor actions.

Figure 13-4B -In Figure 13-4B Above, the Demand Curve Shifts from D2to