Which of the following movements would represent an increase in the demand for a good?

Choose 1 answer:
(A) From $R$ to $S$
(B) From $S$ to $R$
(c) From $T$ to $U$
(D) From $R$ to $T$
(E) From $S$ to $U$

Question

Which of the following movements would represent an increase in the demand for a good?

Choose 1 answer:
(A) From $R$ to $S$
(B) From $S$ to $R$
(c) From $T$ to $U$
(D) From $R$ to $T$
(E) From $S$ to $U$

Accepted Answer

∻Solution∻ ‖ a ⋮ Definition of Demand Increase: An increase in demand is represented by a rightward shift of the demand curve. ‖ ‖ b ⋮ Identifying Movements: From the given points, we need to identify which movement represents a rightward shift. ‖ ‖ c ⋮ Analysis of Points: - Point R is on D1 at (5, 7) - Point S is on D1 at (2, 7) - Point T is on D2 at (9, 3) - Point U is on D2 at (6, 3) ‖ ‖ d ⋮ Movement Analysis: - Movement from R to S: This is a movement along the same demand curve D1, not a shift. - Movement from S to R: This is also a movement along the same demand curve D1, not a shift. - Movement from T to U: This is a movement along the same demand curve D2, not a shift. - Movement from R to T: This represents a shift from D1 to D2, indicating an increase in demand. - Movement from S to U: This represents a shift from D1 to D2, indicating an increase in demand. ‖ ∻Answer∻ ⚹ (D) From $R$ to $T$ ⚹ ∻Key Concept∻ ⚹ Increase in demand is represented by a rightward shift of the demand curve. ⚹ ∻Explanation∻ ⚹ The movement from point R to point T represents a shift from demand curve D1 to demand curve D2, indicating an increase in demand. ⚹◊What impact would an increase in demand have on the equilibrium price and quantity in this supply and demand graph?⍭ Generate me a similar question◊

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