Graphically,an increase in demand is represented by

A) an upward movement (from right to left) along a given demand curve.
B) an outward shift of the demand curve.
C) an inward shift of the demand curve.
D) a downward movement (from left to right) along a given demand curve.

Question

Gerson Franco · Accepted Answer

Final Answer : B, Explanation :  An increase in demand means that at each price level, consumers now demand a higher quantity. This is represented by an outward shift of the demand curve, indicating that consumers are now willing to buy more at every price point compared to before. Option A is incorrect because it represents a movement along the same demand curve, which would occur if there was a change in price and not demand. Option C is the opposite of what happens when there is an increase in demand. Option D also represents a movement along the same demand curve in the opposite direction, which would happen if there was a decrease in demand.

Graphically,an increase in demand is represented by

A) an upward movement (from right to left) along a given demand curve.
B) an outward shift of the demand curve.
C) an inward shift of the demand curve.
D) a downward movement (from left to right) along a given demand curve.

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Graphically,an increase in demand is represented byA) an upward movement (from right to left) along a given demand curve.B) an outward shift of the demand curve.C) an inward shift of the demand curve.D) a downward movement (from left to right) along a given demand curve.

Definitions

Learning Objectives

Learning Objectives

Related questions

Graphically,an increase in demand is represented by

A) an upward movement (from right to left) along a given demand curve.
B) an outward shift of the demand curve.
C) an inward shift of the demand curve.
D) a downward movement (from left to right) along a given demand curve.