Question

As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant?

a. there was no shift, nor any increase or decrease in quantity demanded.


b. there was no shift, but there was a decrease in quantity demanded.


c. the demand curve shifted to the left.


d. the demand curve shifted to the right.


e. there was no shift, but there was an increase in quantity demanded.

Answer 1

d. the demand curve shifted to the right

Step-by-step explanation:

As more people migrated west during the gold rush, there would be an increase in demand in most markets as a result of the population increase. This would lead to a shift of the demand curve to the right.

For example, in the housing market, more people would needs houses to leave in, the demand for houses would increase and the demand curve would shift to the right.

I hope my answer helps you