Figure 13-4B -A Shift of the Demand Curve from D₂ to D₃

question 51

Multiple Choice

Figure 13-4B

-A shift of the demand curve from D₂ to D₃ in Figure 13-4B above indicates

• A)fewer units are demanded at the given price.
• B)more units are demanded at the given price.
• C)the price has decreased.
• D)the price has increased.
• E)there is not enough information given to indicate what happened.

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Definitions:

Evaluative Criteria

The various dimensions, standards, or attributes that consumers consider when judging the merits of competing options.

Consideration Set

A group of brands or products that a consumer views as viable options to fulfill a specific need or desire.

Subjective Attributes

Qualitative features or characteristics of a product or service that are based on personal opinions, tastes, and preferences.