Figure 13-4B

-A shift of the demand curve from D₂ to D₃ in Figure 13-4B above indicates
A)fewer units are demanded at the given price.
B)more units are demanded at the given price.
C)the price has decreased.
D)the price has increased.
E)there is not enough information given to indicate what happened.

Question

Figure 13-4B
 
-A shift of the demand curve from D₂ to D₃ in Figure 13-4B above indicates
A)fewer units are demanded at the given price. 
B)more units are demanded at the given price. 
C)the price has decreased. 
D)the price has increased. 
E)there is not enough information given to indicate what happened.

Quizplus · Accepted Answer

The shift in the demand curve from D₂ to D₃ shows that more units are demanded at the given price.This may be due to a change in consumer tastes,the price of substitutes increasing and their availability decreasing,or consumer income increasing.

Figure 13-4B -A Shift of the Demand Curve from D₂ to D₃