19.8k views
5 votes
Help ASAP please

Briefly explain what the shift from D to D' represents in terms of total demand in the marketplace

User RubbleFord
by
4.8k points

1 Answer

2 votes

Answer:

The shift from D0 to D2 represents such a decrease in demand: At any given price level, the quantity demanded is now lower. ... Instead, a shift in a demand curve captures an pattern for the market as a whole. In the previous section, we argued that higher income causes greater demand at every price.

Step-by-step explanation:

User Charles Xu
by
3.9k points