If the Number of Consumers in a Market Increases, the Market

question 70

Multiple Choice

If the number of consumers in a market increases, the market demand curve will

• A) decrease, which is a shift to the left of the demand curve.
• B) increase, which is a shift to the right of the demand curve.
• C) not shift, but rather this will just cause a movement along the demand curve.
• D) do none of the above.

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Definitions:

Domestic Demand

The total demand for goods and services within a country, including both consumer spending and business investment.

Wage Gap

The difference in average earnings between two or more groups, often highlighting disparities between genders, races, or other demographic segments.

Human Capital

The aggregate of talents, understanding, and immaterial resources possessed by individuals that are capable of producing economic benefits.

Earnings Gap

The difference in average earnings between two distinct groups, typically referring to disparities based on gender, race, or education level.