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

question 212

Multiple Choice

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

• 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:

Descriptive

Pertaining to observations and analyses that aim to summarize and describe the characteristics of a dataset without making inferences or predictions.

Open-Ended

Questions or problems that allow for multiple or complex answers, encouraging a depth and breadth of response.

Facts

Information that is empirically proven to be true and verifiable.

Demographics

Statistical data relating to the population and particular groups within it, often used to identify characteristics such as age, gender, income, etc.