Asked by
Surabhi Singh
on Dec 11, 2024
Verified
If the number of consumers in a market increases, the market demand curve will
A) decrease, which is a shift to the left of the demand curve.
B) increase, which is a shift to the right of the demand curve.
C) not shift, but rather this will just cause a movement along the demand curve.
D) do none of the above.
Market Demand Curve
A graphical representation showing the total quantity of a good or service that consumers in a market are willing and able to purchase at various prices.
- Identify the influence that shifts in consumer numbers have on market demand.
Verified Answer
MG
Learning Objectives
- Identify the influence that shifts in consumer numbers have on market demand.