Question
The graph shows a demand curve.
A graph titled Sample Demand Curve has Quantity Demanded on the x-axis and Price on the y-axis. Line D has a negative slope. Line D is shifted up and to the right to form line D 1.
Which most likely accounts for the changes shown on the demand curve?
More consumers want a product.
Fewer consumers want a product.
The price of a product rises a little.
The price of a product rises sharply.
A graph titled Sample Demand Curve has Quantity Demanded on the x-axis and Price on the y-axis. Line D has a negative slope. Line D is shifted up and to the right to form line D 1.
Which most likely accounts for the changes shown on the demand curve?
More consumers want a product.
Fewer consumers want a product.
The price of a product rises a little.
The price of a product rises sharply.
Answers
GPT-4o mini
The upward shift of the demand curve from line D to line D1 indicates an increase in demand at all price levels. The statement that most likely accounts for this change is:
**More consumers want a product.**
When more consumers want a product, the overall demand increases, leading to the entire demand curve shifting to the right. Conversely, if fewer consumers wanted the product, the demand curve would shift to the left. Changes in the price of the product would typically cause movement along the existing demand curve rather than a shift in the curve itself.
**More consumers want a product.**
When more consumers want a product, the overall demand increases, leading to the entire demand curve shifting to the right. Conversely, if fewer consumers wanted the product, the demand curve would shift to the left. Changes in the price of the product would typically cause movement along the existing demand curve rather than a shift in the curve itself.