Figure: 13-5b
-In Figure 13-5b,as the two diagonal lines on a demand curve graph show a shift from left to right,it most likely represents
A)an increase in demand that did not require an increase in price.
B)an increase in demand that required an increase in price.
C)no change in price and no change in demand.
D)no change in demand or price but a greater profit due to economies of scale.

Question

Figure: 13-5b 
-In Figure 13-5b,as the two diagonal lines on a demand curve graph show a shift from left to right,it most likely represents
A)an increase in demand that did not require an increase in price. 
B)an increase in demand that required an increase in price. 
C)no change in price and no change in demand. 
D)no change in demand or price but a greater profit due to economies of scale.

Quizplus · Accepted Answer

A shift from left to right on a demand curve graph represents an increase in demand that did not require an increase in price. This could be due to various factors such as changes in consumer preferences, income, or availability of substitute goods. The diagonal lines represent the original and new demand curve, showing the shift.

Figure: 13-5b -In Figure 13-5b,as the Two Diagonal Lines on a Demand