The graph below shows the supply and demand for tickets to a Raptors basketball game. -Refer to the graph above to answer this question.Which of the following statements is correct regarding the change in the demand curve from D₁ to D₂? A)Demand has decreased by 7,500. B)Demand has increased by 7,500. C)Demand has decreased by 20. D)Demand has increased by 20. E)None of the choices are correct.

Question

Quizplus · Accepted Answer

The change in the demand curve from D₁ to D₂ represents an increase in quantity demanded at each price level of 7,500 tickets. Therefore, demand has increased by 7,500, and the correct answer is B.

The Graph Below Shows the Supply and Demand for Tickets