Figure 4.2 shows the demand curves for a good.A shift from demand curve D to demand curve D' in the figure would be caused by a(n) :


A) decrease in the price of the good under consideration.
B) significant increase in population because of immigration.
C) decrease in consumer income.
D) decrease in the number of producers of the product.
E) increase in the price of an important resource.

Immigration

The action of coming to live permanently in a foreign country.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Consumer Income

Refers to the total earnings received by consumers, including wages, salaries, benefits, and any other income sources, influencing their purchasing power and spending behaviors.