An increase in the quantity demanded means that:

A) given supply,the price of the product can be expected to decline.
B) price has declined and consumers therefore want to purchase more of the product.
C) the demand curve has shifted to the right.
D) the demand curve has shifted to the left.

Question

Kylee Byman · Accepted Answer

Final Answer : B, Explanation :  An increase in the quantity demanded typically occurs when the price of the product decreases, leading consumers to want to purchase more of the product. This is a movement along the demand curve, not a shift of the demand curve itself.

An increase in the quantity demanded means that:

A) given supply,the price of the product can be expected to decline.
B) price has declined and consumers therefore want to purchase more of the product.
C) the demand curve has shifted to the right.
D) the demand curve has shifted to the left.

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Learning Objectives

Related questions

An increase in the quantity demanded means that:A) given supply,the price of the product can be expected to decline.B) price has declined and consumers therefore want to purchase more of the product.C) the demand curve has shifted to the right.D) the demand curve has shifted to the left.

Definitions

Learning Objectives

Learning Objectives

Related questions

An increase in the quantity demanded means that:

A) given supply,the price of the product can be expected to decline.
B) price has declined and consumers therefore want to purchase more of the product.
C) the demand curve has shifted to the right.
D) the demand curve has shifted to the left.