FIGURE 12-6
-A shift of the demand curve from D1 to D2 in Figure 12-6 above indicates
A)more units are demanded at a given price.
B)fewer units are demanded at a given price.
C)the price has decreased.
D)the price has increased.
E)There is not enough information given to indicate what happened.

Question

FIGURE 12-6 
-A shift of the demand curve from D1 to D2 in Figure 12-6 above indicates
A)more units are demanded at a given price. 
B)fewer units are demanded at a given price. 
C)the price has decreased. 
D)the price has increased. 
E)There is not enough information given to indicate what happened.

Quizplus · Accepted Answer

A shift of the demand curve from D1 to D2 indicates that at a given price level, there is now a higher quantity demanded. This suggests that demand has increased, which can be caused by various factors such as changes in consumer preferences or an increase in population.

FIGURE 12-6 -A Shift of the Demand Curve from D1 to D2