Figure: Demand Shift Which of the following factors would cause the change in the figure?

Name: Figure: Demand Shift Which of the following factors would cause the change in the figure?
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Figure: Demand Shift  Which of the following factors would cause the change in the figure?

Quizplus · Accepted Answer

An increase in the price of a substitute good would cause a shift in the demand curve to the right, as consumers would be more likely to choose the original good over the now more expensive substitute. This would increase the quantity demanded at each price level.

Figure: Demand Shift Which of the Following Factors Would