Figure 4-6 -Refer to Figure 4-6. If the demand curve shifts from D 1 to D, what do we know?

The shift from D 1 to D indicates an increase in demand, meaning consumers are now more willing to buy the product at any price than before.

Figure 4-6 -Refer to Figure 4-6. If the demand curve shifts from D 1 to D, what do we know?

The shift from D 1 to D indicates an increase in demand, meaning consumers are now more willing to buy the product at any price than before.

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Figure 4-6 -Refer to Figure 4-6. If the Demand Curve Shifts from Curve

Question 240

Multiple Choice

Figure 4-6 Figure 4-6 -Refer to Figure 4-6. If the demand curve shifts from D<sub>1</sub> to D, what do we know? A) Firms would be willing to supply less than before. B) People are less willing to buy the product at any price than before. C) People are now more willing to buy the product at any price than before. D) The price of the product has decreased, causing consumers to buy more of the product.
-Refer to Figure 4-6. If the demand curve shifts from D₁ to D, what do we know?

A) Firms would be willing to supply less than before.
B) People are less willing to buy the product at any price than before.
C) People are now more willing to buy the product at any price than before.
D) The price of the product has decreased, causing consumers to buy more of the product.

Correct Answer: