Figure 11-3b
-In Figure 11-3b above, the demand curve shifts from D1 to D2. This most likely represents
A) an increase in demand that did not require a change in price but was the result of a change in one or more demand factors.
B) an increase in demand that required a decrease in price.
C) no change in price and a decrease in demand that results from internal business practice changes.
D) no change in demand or price but a greater profit due to economies of scale.
E) a decrease in price from $8 to $6 per unit.

Question

Figure 11-3b
-In Figure 11-3b above, the demand curve shifts from D1 to D2. This most likely represents
A) an increase in demand that did not require a change in price but was the result of a change in one or more demand factors. 
B) an increase in demand that required a decrease in price. 
C) no change in price and a decrease in demand that results from internal business practice changes. 
D) no change in demand or price but a greater profit due to economies of scale. 
E) a decrease in price from $8 to $6 per unit.

Quizplus · Accepted Answer

The shift from D1 to D2 indicates an increase in demand due to factors other than price, such as consumer preferences, income changes, or substitute goods.

Figure 11-3b -In Figure 11-3b Above, the Demand Curve Shifts from D1