Figure 11-3b -A shift of the demand curve from D₁ to D₂ in Figure 11-3b indicates A) fewer units are demanded at the given price. B) more units are demanded at the given price. C) the price has decreased. D) the price has increased. E) there is not enough information given to indicate what happened.

Question

Quizplus · Accepted Answer

A shift of the demand curve to the right indicates an increase in demand at each price level, so more units are demanded at the given price.

Figure 11-3b -A Shift of the Demand Curve from D1 to D2

Figure 11-3b -A Shift of the Demand Curve from D₁ to D₂