-Refer to the above figure. The rightward shift of the curve indicates
A) an increase in demand.
B) a decrease in demand.
C) an increase in quantity demanded.
D) a decrease in quantity demanded.

Question

-Refer to the above figure. The rightward shift of the curve indicates
A) an increase in demand. 
B) a decrease in demand. 
C) an increase in quantity demanded. 
D) a decrease in quantity demanded.

Quizplus · Accepted Answer

A rightward shift of the demand curve indicates an increase in demand, not just a change in the quantity demanded. This shift could be due to various factors such as an increase in consumer income, a change in consumer preferences, or a decrease in the price of complementary goods.

-Refer to the Above Figure