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Use the graph to answer the question that follows.
Which of the following could explain the shift from D1 to D2?

A decrease in product price
A decrease in people’s overall incomes
An increase in preference for a different brand
An increase in the number of buyers for the product

Use the graph to answer the question that follows Which of the following could explain the shift from D1 to D2 A decrease in product price A decrease in peoples class=

Respuesta :

The statement that describes the shift from D1 to D2 is increase in the number of buyers for the product. (option 4)

What does the shift from D1 to D2 signify?

The graph represented in the image is that of a demand curve. The demand curve shows the relationship between price and quantity demanded.

The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.

When the demand curve shifts to the right, it indicates an increase in demand. When the demand curve shifts to the left, it indicates a decrease in demand. An increase in the number of buyers for the product would lead to an increase in demand which would translate to a rightward shift of the demand curve.

To learn more about the demand curve, please check: https://brainly.com/question/25140811

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