Solved

When Economists Say the Demand for a Product Has Increased

Question 37

Multiple Choice

When economists say the demand for a product has increased, they mean the


A) demand curve has shifted to the right.
B) price of the product has fallen, and consequently, consumers are buying more of it.
C) cost of producing the product has risen.
D) amount of the product that consumers are willing to purchase at various prices has decreased.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions