An increase in the number of buyers in a particular market for a good will result in a ___________________ for that good.
A) movement up along the demand curve
B) movement down along the demand curve
C) leftward shift in the demand curve
D) rightward shift in the demand curve

Question

Quizplus · Accepted Answer

An increase in the number of buyers will lead to a higher demand for the good, which will cause a rightward shift in the demand curve. This means that at any given price, buyers will be willing to purchase a greater quantity of the good, which will result in an increase in the equilibrium price and quantity.

An Increase in the Number of Buyers in a Particular