Question

Personal Finance: What change is taking place on this graph?

a decrease in supply

a decrease in demand

an increase in supply

an increase in demand

Answer 1

In the given graph , we can see the shift in demand curve from left to right(D1 to D2), which indicates an increase in Demand.

Reason :

Shift in demand curve is due to factors other than the price of the product.

Leftward shift in demand curve indicates Decrease in Demand.

Rightward shift in demand curve indicates Increase in demand.