The demand for Good $X$ is given in the graph shown here.
Which of the following could cause the shift of demand shown here?
The demand for Good $X$

Choose 1 answer:
(A) An increase in income if good $X$ is an inferior good
(B) Buyers of good $X$ expect the price of good $X$ to decrease in the future
(c) An increase in the number of buyers of a good
(D) People do not like good $X$ as much as they did before
() An increase in the price of good $Y$, which is a complement to $\operatorname{good} X$

Question

The demand for Good $X$ is given in the graph shown here.
Which of the following could cause the shift of demand shown here?
The demand for Good $X$

Choose 1 answer:
(A) An increase in income if good $X$ is an inferior good
(B) Buyers of good $X$ expect the price of good $X$ to decrease in the future
(c) An increase in the number of buyers of a good
(D) People do not like good $X$ as much as they did before
() An increase in the price of good $Y$, which is a complement to $\operatorname{good} X$

Accepted Answer

∻Solution∻ ‖ a ⋮ Graph Analysis: The graph shows a rightward shift from demand curve $D1$ to $D2$, indicating an increase in demand for Good $X$. ‖ ‖ b ⋮ Potential Causes: - An increase in income if Good $X$ is a normal good. - An increase in the number of buyers. - Positive change in consumer preferences. - Expectation of future price increase. - Increase in the price of a substitute good. ‖ ‖ c ⋮ Elimination of Incorrect Options: - (A) Incorrect: An increase in income would decrease demand for an inferior good. - (B) Incorrect: Expectation of a future price decrease would decrease current demand. - (D) Incorrect: Decreased preference would shift demand leftward. - (E) Incorrect: Increase in the price of a complement would decrease demand. ‖ ‖ d ⋮ Correct Option: (C) An increase in the number of buyers of a good would shift the demand curve to the right. ‖ ∻Answer∻ ⚹ (C) An increase in the number of buyers of a good ⚹ ∻Key Concept∻ ⚹ Demand Curve Shift ⚹ ∻Explanation∻ ⚹ A rightward shift in the demand curve indicates an increase in demand, which can be caused by factors such as an increase in the number of buyers, higher income (for normal goods), or positive changes in consumer preferences. ⚹◊What factors can cause a shift in the demand curve for good X according to the model provided?⍭ Generate me a similar question◊

Sia