use the graph to answer the question that follows. good a price quantity d1 d2 which of the following could…

use the graph to answer the question that follows. good a price quantity d1 d2 which of the following could explain the shift from d1 to d2? a decrease in product price a decrease in peoples 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. good a price quantity d1 d2 which of the following could explain the shift from d1 to d2? a decrease in product price a decrease in peoples overall incomes an increase in preference for a different brand an increase in the number of buyers for the product

Answer

Brief Explanations:

A decrease in product price causes a movement along the demand - curve, not a shift. A decrease in people's overall incomes shifts the demand curve leftward for normal goods. An increase in preference for a different brand shifts the demand curve leftward for the original good. An increase in the number of buyers for the product shifts the demand curve rightward as shown from D1 to D2.

Answer:

D. An increase in the number of buyers for the product