When an economist says that the demand for a product has increased,this means that:

A) consumers are now willing to purchase more of this product at each possible price.
B) the product has become particularly scarce for some reason.
C) product price has fallen and,as a consequence,consumers are buying a larger quantity of the product.
D) the demand curve has shifted to the left.

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jamarius holts · Accepted Answer

Final Answer : A, Explanation :  When economists say that the demand for a product has increased, they mean that consumers are now willing to purchase more of the product at each possible price. This indicates a shift of the demand curve to the right, as opposed to left (option D). Option B is incorrect because scarcity would increase the price of the product, leading to a decrease in demand, not an increase. Option C is also incorrect because an increase in demand would lead to a rise in price, not a fall.

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