ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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increased
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decreased
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quantity demanded has increased
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quantity demanded has increased
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Detailed explanation-1: -The curve shifts to the right if the determinant causes demand to increase. This means more of the good or service are demanded even though there’s no change in price. When the economy is booming, buyers’ incomes will rise. They’ll buy more of everything, even though the price hasn’t changed.
Detailed explanation-2: -Demand schedule A shift in demand to the right means an increase in the quantity demanded at every price.
Detailed explanation-3: -Increased demand means that at every given price, the quantity demanded is higher, so that the demand curve shifts to the right from D0 to D1. Decreased demand means that at every given price, the quantity demanded is lower, so that the demand curve shifts to the left from D0 to D2.
Detailed explanation-4: -An increase in demand shifts the demand curve rightward and an increase in supply shifts the supply curve rightward. 1. Quantity increases. 2.
Detailed explanation-5: -A decrease in the price of a complementary product will result in a rightward change in the demand curve.