FIGURE 12-6
-In Figure 12-6 above, 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.
E)increases from $.50 to $1.50 per unit.

Question

FIGURE 12-6 
-In Figure 12-6 above, 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. 
E)increases from $.50 to $1.50 per unit.

Quizplus · Accepted Answer

A shift from left to right on a demand curve represents an increase in demand that does not require an increase in price. This could be due to factors such as a change in consumer preferences, an increase in population, or an increase in consumer income.

FIGURE 12-6 -In Figure 12-6 Above, as the Two Diagonal Lines on Diagonal