Figure 4.2 shows the demand curves for a good.A shift from demand curve D' to demand curve D in the figure below would be caused by a(n) :

Question

Figure 4.2 shows the demand curves for a good.A shift from demand curve D' to demand curve D in the figure below would be caused by a(n):

Quizplus · Accepted Answer

An increase in the price of a substitute good would cause consumers to shift their demand from the substitute good to the good under consideration, leading to an increase in the demand for the good and a shift in the demand curve from D' to D.

Figure 42 Shows the Demand Curves for a Good