Figure 3-1 -Refer to Figure 3-1.An increase in taste or preference would be represented by a movement from A)A to B. B)B to A. C)D₁ to D₂. D)D₂to D₁.

Question

Quizplus · Accepted Answer

An increase in taste or preference for a product leads to an increase in demand, which is represented by a shift of the demand curve to the right. Choice C correctly indicates a shift from one demand curve to another, which represents an increase in demand, consistent with an increase in taste or preference.

Figure 3-1 -Refer to Figure 3-1.An Increase in Taste or Preference Would