When economists say the demand for a product has increased, they mean the

A) demand curve has shifted to the right.
B) price of the product has fallen, and consequently, consumers are buying more of it.
C) cost of producing the product has risen.
D) amount of the product that consumers are willing to purchase at various prices has decreased.

Question

Ayanna Glover · Accepted Answer

Final Answer : A, Explanation :  An increase in demand means that at every price level, consumers are willing to purchase more of the product, which is represented by a rightward shift of the demand curve.

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