Something has changed about how consumers buy hats which resulted in the change shown in this graph.
Figure 1: The demand for hats
Which of the following changes could this graph represent?
Choose 1 answer:
(A) People do not like hats as much as they did before, resulting in a decrease in the quantity demanded for hats
(B) People do not like hats as much as they did before, so their demand has decreased
(C) People like hats more than they did before, and their demand for hats has increased
(D) There has been a decrease in the price of hats, resulting in an increase in the quantity demanded for hats
(E) People do not like hats as much as they did before, resulting in an increase in the quantity demanded for hats
Related content
Change in expected future prices and demand
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