Asked by Amarjeet Jayanthi on Jun 10, 2024

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If we say that demand for a good has increased,we mean that there has been:

A) a leftward movement along the demand curve.
B) a rightward movement along the demand curve.
C) a leftward shift of the demand curve.
D) a rightward shift of the demand curve.
E) an increase in the slope of the demand curve.

Shift

In economic contexts, this term often refers to a movement or change in the position of a supply or demand curve in response to various factors.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.

Slope

In mathematics, the measure of the steepness or incline of a line, typically described as the ratio of the rise over the run.

  • Explain the distinction between price-induced quantity demanded changes and shifts in the demand curve.
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DS
Darrlynn SimoneJun 12, 2024
Final Answer :
D
Explanation :
An increase in demand means that at the same prices, consumers are willing to buy more of the good, which is represented by a rightward shift of the demand curve.