Refer to Figure 3.7. An increase in demand is represented by the movement

A) from D₂ to D₁.
B) from D₂ to D₃.
C) along D₂ from Point B to Point A.
D) along D₂ from Point B to Point C.

Question

Refer to Figure 3.7. An increase in demand is represented by the movementA)  from D 2  to D 1 .B)  from D 2  to D 3 .C)  along D 2  from Point B to Point A.D)  along D 2  from Point B to Point C.

Priyanka Reddy · Accepted Answer

Final Answer : B, Explanation :  An increase in demand is represented by a shift of the demand curve to the right, from an original position to a new position, indicating that at the same prices, consumers are willing to purchase more of the good.

Refer to Figure 3.7. An increase in demand is represented by the movement

A) from D₂ to D₁.
B) from D₂ to D₃.
C) along D₂ from Point B to Point A.
D) along D₂ from Point B to Point C.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 3.7. An increase in demand is represented by the movementA) from D2 to D1.B) from D2 to D3.C) along D2 from Point B to Point A.D) along D2 from Point B to Point C.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 3.7. An increase in demand is represented by the movement

A) from D₂ to D₁.
B) from D₂ to D₃.
C) along D₂ from Point B to Point A.
D) along D₂ from Point B to Point C.