A rightward shift of the entire demand curve

A) might be due to a decline in income if it is a normal good.
B) might be due to an increase in income if it is an inferior good.
C) might be due to a tax increase on the product.
D) might be due to an increase in population.

Question

alycia stotesbery · Accepted Answer

Final Answer : D, Explanation :  An increase in population can lead to an increase in demand for a product or service, causing a rightward shift of the entire demand curve. Option A and B are incorrect because they refer to shifts in the demand curve of specific groups of consumers rather than the entire market. Option C is incorrect because a tax increase would decrease demand, shifting the curve to the left.

A rightward shift of the entire demand curve

A) might be due to a decline in income if it is a normal good.
B) might be due to an increase in income if it is an inferior good.
C) might be due to a tax increase on the product.
D) might be due to an increase in population.

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Learning Objectives

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A rightward shift of the entire demand curveA) might be due to a decline in income if it is a normal good.B) might be due to an increase in income if it is an inferior good.C) might be due to a tax increase on the product.D) might be due to an increase in population.

Definitions

Learning Objectives

Learning Objectives

Related questions

A rightward shift of the entire demand curve

A) might be due to a decline in income if it is a normal good.
B) might be due to an increase in income if it is an inferior good.
C) might be due to a tax increase on the product.
D) might be due to an increase in population.