Figure 4-7
-Refer to Figure 4-7.If the demand curve for Good X shifts from Db to Da,then
A)firms would be willing to supply more of Good X than before at each possible price.
B)people are willing to buy less of Good X than before at each possible price.
C)people's incomes must have increased.
D)the price of Good X has increased.

Question

Figure 4-7 
-Refer to Figure 4-7.If the demand curve for Good X shifts from Db to Da,then
A)firms would be willing to supply more of Good X than before at each possible price. 
B)people are willing to buy less of Good X than before at each possible price. 
C)people's incomes must have increased. 
D)the price of Good X has increased.

Quizplus · Accepted Answer

When the demand curve shifts from Db to Da, it means that people are willing to buy less of Good X than before at each possible price. This could indicate a change in preferences or a decrease in income. It does not necessarily mean that firms will be willing to supply more or that the price of Good X has increased.

Figure 4-7 -Refer to Figure 4-7.If the Demand Curve for Good X