A Shift to the Right in the Demand Curve for Product

question 253

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 consumers 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 favor 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.

---

Definitions:

Data Analysis

The process by which sociologists organize collected data to discover what patterns and uniformities are revealed.

Discoveries

New findings or revelations that contribute to existing knowledge or understanding.

Secondary Data

Information that has been collected by someone else previously and is used for research or analysis by others, often in contrast to primary data collected firsthand.

Census of Agriculture

A national survey conducted to collect, analyze, and publish data on various aspects of agriculture, including farm operations, production, and management practices.