QUESTION IMAGE
Question
economic lowdown audio series—demand
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an increase in the number of consumers in the market for chocolate would:
cause the demand curve to shift to the right.
cause the demand curve to shift to the left.
cause no movement of the demand curve.
cause the quantity demanded to decrease.
When the number of consumers in a market increases, more people are willing to buy the product (chocolate here) at each price level. According to the law of demand, this non - price factor causes an increase in demand, which is represented by a right - ward shift of the demand curve.
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cause the demand curve to shift to the right.