An increase in demand is represented by

Name: An increase in demand is represented by
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Question

Quizplus · Accepted Answer

An increase in demand shows a higher demand for a product at every price point, and is represented by a rightward shift of the demand curve. This means that at each price, consumers are willing to buy a larger quantity of the good or service than before. This shift can be caused by factors like an increase in consumer income, changes in consumer tastes, or the availability of substitute products.

An Increase in Demand Is Represented by