A Shift to the Right in the Demand Curve for Product

question 144

Multiple Choice

A shift to the right in the demand curve for product A can be most reasonably explained by saying that:

• A)consumer incomes have declined and they now want to buy less of A at each possible price.
• B)the price of A has increased and, as a result, consumers want to purchase less of it.
• C)consumer preferences have changed in favour of A so that they now want to buy more at each possible price.
• D)the price of A has declined and, as a result, consumers want to purchase more of it.