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Q. |
When there is a change in demand leading to a shift of the Demand Curve to the right, at the same price as before, the quantity demanded will - |
A. | decrease |
B. | increase |
C. | remain the same |
D. | contract |
Answer» B. increase | |
Explanation: In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at that given price. The shift of a demand curve takes place when there is a change in any non-price determinant of demand, resulting in a new demand curve. There is movement along a demand curve when a change in price causes the quantity demanded to change. |
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