Use the graph to answer the question that follows. Graph has quantity along the horizontal axis and price along the vertical axis. A downward sloping line connects the axes and is labeled D1. A second downward-sloping line, labeled D2, is to the right of D1. Which statement describes the shift from D1 to D2? Demand for the product increased. Less of the product is being produced. Demand for the product decreased. More of the product is being produced.

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25-08-2022
Business

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Use the graph to answer the question that follows. Graph has quantity along the horizontal axis and price along the vertical axis. A downward sloping line connects the axes and is labeled D1. A second downward-sloping line, labeled D2, is to the right of D1. Which statement describes the shift from D1 to D2? Demand for the product increased. Less of the product is being produced. Demand for the product decreased. More of the product is being produced.

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Parrain Parrain · Answer 1 · 2022-08-26T18:58:58+02:00

The statement that would describe the shift from D1 to D2 is Demand for the product increased.

Why was there a shift from D1 to D2?

D2 is a curve that is to the right of D1 which means that it represents a higher level of demand for goods and services.

This means that for the demand to move from D1 to D2, there must have been an increase in the demand for the good or service and this could have been for any number of reasons including a reduction in the price of complimentary goods.

Find out more on determinants of demand at https://brainly.com/question/1245771

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