Figure 4-6 -Refer to the Figure 4-6.What Happens If the Demand Curve

question 347

Multiple Choice

Figure 4-6

-Refer to the Figure 4-6.What happens if the demand curve shifts from D₁ to D

• A)Firms would be willing to supply less than before.
• B)People are less willing to buy the product at any price than before.
• C)People are now more willing to buy the product at any price than before.
• D)The price of the product has decreased, causing consumers to buy more of the product.

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Definitions:

Cash Crop

Agricultural produce grown primarily for sale to return a profit, rather than for personal consumption or sustenance farming.

Overweight

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Worldwide

Something that occurs in, affects, or pertains to all parts of the world or is of global scope.

Megacorporation

A large and powerful company that owns or controls production and distribution in multiple industries across the globe.