A shift in the demand curve to the right represents
A) an increase in demand.
B) a decrease in demand.
C) an increase in quantity demanded.
D) a decrease in quantity demanded.

Question

Quizplus · Accepted Answer

A shift in the demand curve to the right indicates an increase in demand. This means that consumers are willing and able to purchase more of a good or service at each price point. This can happen due to various factors such as a change in consumer tastes and preferences, an increase in income, or a decrease in the price of a substitute good.

A Shift in the Demand Curve to the Right Represents