An increase in the number of consumers in a market would cause
A) an increase in quantity demanded.
B) an increase in quantity supplied.
C) an increase in demand.
D) an increase in supply.

Question

Quizplus · Accepted Answer

An increase in the number of consumers in a market would lead to a shift in the demand curve to the right, indicating an increase in demand. This is because there are more people looking to buy goods/services in the market, leading to an increase in the quantity demanded.

An Increase in the Number of Consumers in a Market