Figure 13-4B
-Which of these would most likely account for the shift in the demand curve from D2to D3shown in Figure 13-4B above?
A) The firm increased its prices and consumers perceived the value of the product to be greater.
B) There were more product substitutes available in the marketplace.
C) Competitors in the market lowered their prices.
D) A recession occurred that lowered consumers' incomes.
E) The product became trendy among members of its target market.

Question

Figure 13-4B
-Which of these would most likely account for the shift in the demand curve from D2to D3shown in Figure 13-4B above?
A) The firm increased its prices and consumers perceived the value of the product to be greater. 
B) There were more product substitutes available in the marketplace. 
C) Competitors in the market lowered their prices. 
D) A recession occurred that lowered consumers' incomes. 
E) The product became trendy among members of its target market.

Quizplus · Accepted Answer

The demand curve shifts to the right (from D2 to D3) when there is an increase in demand. If the product became trendy among its target market, it would increase consumer interest and demand, causing the demand curve to shift rightward.

Figure 13-4B -Which of These Would Most Likely Account for the Shift