A rightward shift in the demand curve for a commodity necessarily means that
A) consumers' incomes have fallen.
B) supply conditions are more favorable.
C) equilibrium price decreases.
D) consumers are willing to buy more of the good at each price than previously.
E) the price of complementary goods increased.

Question

Quizplus · Accepted Answer

A rightward shift in the demand curve means that consumers are willing to buy more of the good at each price than previously. This could be due to various factors like changes in tastes, preferences, or consumer expectations. It doesn't necessarily mean that supply conditions are more favorable or that complementary goods have become more expensive.

A Rightward Shift in the Demand Curve for a Commodity