Figure 13-4B -In Figure 13-4B Above, the Demand Curve Shifts from D2to

question 63

Multiple Choice

Figure 13-4B
-In Figure 13-4B above, the demand curve shifts from D2to D3(B) . This most likely represents

• A) an increase in demand resulting from competitor or consumer changes.
• B) an increase in demand that required a decrease in price.
• C) no change in price and no change in demand.
• 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.

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Definitions:

British North America

The term given to British colonies in North America, mainly consisting of Canada and the Caribbean, before their independence or formation into present-day countries.

Atlantic Slave Trade

The transatlantic trading of African peoples, primarily to the Americas, for slave labor from the 16th to the 19th century.

Militarized States

Countries or regions where military power is widely used to maintain control or influence government policy, often at the expense of civil liberties.

West Africa

A region in Africa bordered by the Atlantic Ocean to the west, encompassing countries like Nigeria, Ghana, and Senegal.