Which of the following refers to a shift in the demand curve?
A)"This new advertising campaign should really increase our demand."
B)"Let's drop our price to increase our demand."
C)"We dare not raise our price because our demand will drop."
D)"If new sellers enter the market,the demand for the product is bound to increase."

Question

Quizplus · Accepted Answer

A shift in the demand curve refers to a change in the quantity demanded at every price point. Advertising can increase the overall demand for a product by increasing consumer awareness and desire for the product, resulting in a rightward shift of the demand curve.

Which of the Following Refers to a Shift in the Demand