A shift of the demand curve from D₂ to D₃in Figure 13-5B above indicates A)fewer units are demanded at the given price. B)more units are demanded at the given price. C)the price has decreased. D)the price has increased. E)there is not enough information given to indicate what happened.

Question

Quizplus · Accepted Answer

The shift of the demand curve from D₂ to D₃ in Figure 13-5B indicates that more units are demanded at the given price. This is because the demand curve has shifted to the right, indicating an increase in demand at every price level.

A Shift of the Demand Curve from D2 to D3

A Shift of the Demand Curve from D₂ to D₃