Use the table below to answer the following questions.
Table 3.5.3
Demand and supply schedules for designer sport t-shirts at CoolU

-Refer to Table 3.5.3.In a television interview,Joe Cool shows off his designer sport t-shirt,setting off a new craze that doubles business at the sportswear establishments.This would be represented as a
A)movement up along the demand curve.
B)rightward shift of the demand curve.
C)leftward shift of the demand curve.
D)rightward shift of the supply curve.
E)leftward shift of the supply curve.

Question

Use the table below to answer the following questions.
Table 3.5.3
Demand and supply schedules for designer sport t-shirts at CoolU
 
-Refer to Table 3.5.3.In a television interview,Joe Cool shows off his designer sport t-shirt,setting off a new craze that doubles business at the sportswear establishments.This would be represented as a
A)movement up along the demand curve. 
B)rightward shift of the demand curve. 
C)leftward shift of the demand curve. 
D)rightward shift of the supply curve. 
E)leftward shift of the supply curve.

Quizplus · Accepted Answer

The increase in demand due to the new craze would cause a rightward shift of the demand curve, as more people would be willing to buy the designer sport t-shirts at every price level.

Use the Table Below to Answer the Following Questions