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    Question

    Shifts in demand curve as shown in the figure below

    represents
    A extension of demand Correct Answer Incorrect Answer
    B increment of demand Correct Answer Incorrect Answer
    C increase of demand Correct Answer Incorrect Answer
    D expansion of demand Correct Answer Incorrect Answer

    Solution

    An increase in demand happens when more is purchased at the same price and the A decreases the same quantity is purchased at a higher price. Decrease in demand happens when less is purchased at the same price or the same quantity at a lower price. An increase in demand is denoted by a shift in the demand curve to the right.

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