Respuesta :
Answer: The correct answer is a decrease in price.
Explanation: When the price of an item decreases the associated demand curve will shift to the right. In turn, when the price decreases the demand is going to increase for the product because of the price decrease.
The right shift in the demand curve will state the increase in income.
Further Explanation:
Demand curve:
The demand curve refers to the graphical representation of the relationship between the demand and price of a product. The change in the price and demand can be easily understood and presented with the help of the demand curve. It is assumed that other things will remain constant.
Right shift in the demand curve:
The rise in the income will increase the demand for the product, and the demand curve will shift to the right side. The right shift can also state that the demand for the product has increased. Generally, the increase in demand is the result of increased income. the increase in income will enable the individual to spend more and demand more products.
Therefore, the right shift in the demand curve will state the increase in income.
Learn More:
1. Learn more about the demand and supply diagram
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2. Learn more about the demand curve
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3. Learn more about the forecasting human resources supply
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Answer Details:
Grade: Senior School
Chapter: Demand and supply
Subject: Economics
Keywords: represented, shift, right, demand curve, increase, income, price, graphical representation.
