Exhibit 3-4 -In Exhibit 3-4, which of the following is the most likely reason for the shift of the demand curve from D₁ to D₂? A)An increase in the price of the good B)A decrease in the price of the good C)An increase in the number of consumers D)An increase in the supply of the good E)A decrease in the supply of the good

Question

Quizplus · Accepted Answer

An increase in the number of consumers typically leads to a rightward shift in the demand curve, indicating a higher quantity demanded at each price level. This is because more consumers generally increase the overall demand for a good.

Exhibit 3-4 -In Exhibit 3-4, Which of the Following Is the Most