Figure 13-4B

-In Figure 13-4B above,the demand curve shifts from D₂ to D₃ (B).This most likely represents
A)an increase in demand resulting from competitor or consumer changes.
B)an increase in demand that required a decrease in price.
C)no change in price and no change in demand.
D)no change in demand or price but a greater profit due to economies of scale.
E)a decrease in price from $8 to $6 per unit.

Question

Figure 13-4B
 
-In Figure 13-4B above,the demand curve shifts from D₂ to D₃ (B).This most likely represents
A)an increase in demand resulting from competitor or consumer changes. 
B)an increase in demand that required a decrease in price. 
C)no change in price and no change in demand. 
D)no change in demand or price but a greater profit due to economies of scale. 
E)a decrease in price from $8 to $6 per unit.

Quizplus · Accepted Answer

The shift in the demand curve shows that the quantity demanded increases without reducing the price.Economists emphasize three other key factors that influence demand for a product: consumer tastes,price and availability of substitutes,and consumer income.

Figure 13-4B -In Figure 13-4B Above,the Demand Curve Shifts from D₂ to Shifts