Personal Finance: What change is taking place on this graph? a decrease in supply a decrease in demand an increase in supply an increase in demand

Question

asked Dec 25, 2019 164k views

1 Answer

Cliff W · Answer 1 · 2019-12-31T22:12:28+0000

In the given graph , we can see the shift in demand curve from left to right(D1 to D2), which indicates an increase in Demand.

Reason :

Shift in demand curve is due to factors other than the price of the product.

Leftward shift in demand curve indicates Decrease in Demand.

Rightward shift in demand curve indicates Increase in demand.