FIGURE 12-6
-A shift of the demand curve from D1 to D2 in Figure 12-6 above is referred to as
A)movement along the demand curve.
B)shift of the demand curve.
C)inelasticity of the demand curve.
D)elasticity of the demand curve.
E)changing demand of the demand curve.

Question

FIGURE 12-6 
-A shift of the demand curve from D1 to D2 in Figure 12-6 above is referred to as
A)movement along the demand curve. 
B)shift of the demand curve. 
C)inelasticity of the demand curve. 
D)elasticity of the demand curve. 
E)changing demand of the demand curve.

Quizplus · Accepted Answer

A shift of the demand curve means that the entire curve has moved either to the left or to the right. This indicates a change in demand that is not caused by a change in price, but rather by other factors such as changes in consumer tastes, income or population.

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