Asked by David Garcia on Jun 19, 2024
Verified
If number of buyers increase,the demand curve for most products will shift to the left.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers over a period of time.
Left Shift
In computing, a bit manipulation operation that shifts bits to the left, effectively multiplying by a power of two; metaphorically, can refer to a movement toward more liberal or progressive policies.
- Understand the basic principles of supply and demand, including the factors that cause shifts in the curves.
Verified Answer
MM
Melissa MarulandaJun 21, 2024
Final Answer :
False
Explanation :
When the number of buyers increases, the demand for most products typically increases, causing the demand curve to shift to the right, not to the left.
Learning Objectives
- Understand the basic principles of supply and demand, including the factors that cause shifts in the curves.
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