In Figure 13-5B above,the demand curve shifts from D₂ to D₃.This most likely represents A)an increase in demand that did not require a change in price but was the result in a change in one or more demand factors. B)an increase in demand that required a decrease 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)an decrease in price from $8 to $6 per unit.

Question

Quizplus · Accepted Answer

The shift in the demand curve without a change in price suggests that one or more demand factors have changed, leading to an increase in demand. This could be due to factors such as changes in consumer tastes, increase in population, or increase in consumer income. Therefore, option A is the most likely answer.

In Figure 13-5B Above,the Demand Curve Shifts from D2 to D3.This

In Figure 13-5B Above,the Demand Curve Shifts from D₂ to D₃.This