Multiple Choice
Figure 11-3b
-In Figure 11-3b above, the demand curve shifts from D1 to D2. This most likely represents
A) an increase in demand that did not require a change in price but was the result of a change in one or more demand factors.
B) an increase in demand that required a decrease in price.
C) no change in price and a decrease in demand that results from internal business practice changes.
D) no change in demand or price but a greater profit due to economies of scale.
E) a decrease in price from $8 to $6 per unit.
Correct Answer:

Verified
Correct Answer:
Verified
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