An increase in demand means that
A) the demand curve shifts to the right
B) consumers desire a greater quantity
C) Both A & B
D) None of the above
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An increase in demand is caused by a change in a demand determinant and results in an increase in equilibrium quantity and an increase in equilibrium price. A demand increase is one of two demand shocks to the market. The other is a demand decrease. BOTH A & B
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An increase in demand means that demand curve shift right ward.
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