78.5k views
0 votes
Which most likely accounts for the changes shown on the demand curve? more consumers want a product. fewer consumers want a product. the price of a product rises a little. the price of a product rises shar

User Ravemir
by
7.6k points

2 Answers

1 vote

more consumers want the product.

I just took the test 100% sure this is the one

User Zgcharley
by
8.1k points
4 votes
You didn't provide the curve, however, the more consumers want a product the larger will be the supply needed as well as the price they're willing to pay for it. The price of a product rises in demand and drops when nobody wants it. Also the scarcity of it influences this so the most expensive things are those that are rare, that is have a small supply, and yet are wanted by people a lot. If there's an abundance of something and it's not wanted then the price will be the lowest.
User Evans Belloeil
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.