An "increase in demand" means that

a. the demand curve has shifted to the left.

b. price has declined and consumers want to purchase more of the good.

c. the demand curve has shifted to the right.

d. the price of the good can be expected to decline, assuming supply stays constant

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Kristelle BalandoLv10

1 Jan 2021

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Related questions

When the quantity demanded increases at every possible price, we know that the demand curve has:

a. shifted to the left.

b. shifted to the right.

c. not shifted; rather, we have moved along the demand curve to a new point on the same curve.

d. not shifted; rather, the demand curve has become steeper.

When an economist says the demand for a product has increased, he or she means that;

a) Consumers are willing and able to purchase more at any given price

b) The demand curve has shifted to the left.

c) The product has become scarcer and consumers, therefore, want it more.

d) Consumers would be willing and able to pay less to receive the same quantity.

e) The price has decreased and consumers will, therefore, purchase more of the product.

rosedeer521

In economic terms, an increase in the demand for a product means that:

A. The demand curve has shifted to the left
B. The product's price has fallen, and as a result, consumers are buying a larger quantity of the product
C. The product has become scarce for some reason
D. Consumers are now willing to purchase more of the product at each possible price