Refer to Figure 14.2 for the following questions.
Figure 14.2

-Refer to Figure 14.2. Assume that Europe experiences an economic boom. Assuming all else remains constant, this would be represented as a movement from:
A)D₂ to D₁.
B)D₁ to D₂.
C)S₂ to S₁.
D)S₁ to S₂.

Question

Refer to Figure 14.2 for the following questions.
Figure 14.2
 
-Refer to Figure 14.2. Assume that Europe experiences an economic boom. Assuming all else remains constant, this would be represented as a movement from:
A)D₂ to D₁. 
B)D₁ to D₂. 
C)S₂ to S₁. 
D)S₁ to S₂.

Quizplus · Accepted Answer

An economic boom in Europe would lead to an increase in demand for goods and services, which would shift the demand curve from D₁ to D₂.

Refer to Figure 14.2 for the Following Questions