Graph 4-2

-Refer to Graph 4-2. If the demand curve shifts from D₁ to D on the graph, this means that:

Question

Graph 4-2 -Refer to Graph 4-2. If the demand curve shifts from D₁ to D on the graph, this means that:

Quizplus · Accepted Answer

When the demand curve shifts from D₁ to D, it means that people are now more willing to buy the product at any price than before. This is because the demand curve has shifted to the right, indicating that at any given price, consumers are willing to buy more of the product than before. This could be due to a variety of factors, such as increased consumer confidence, marketing efforts, or changes in consumer tastes and preferences.

Graph 4-2 -Refer to Graph 4-2. If the Demand Curve Shifts from Demand