From the diagram above, a shift in the demand curve from DoDo to D1D1 implies

Assessment: JAMB UTME - Economics - 1993 Subject: Economics

Question 1 Report

From the diagram above, a shift in the demand curve from DoDo to D1D1 implies

Answer Details
A shift in the demand curve from DoDo to D1D1 indicates a change in the quantity demanded of a commodity at each and every price level. This shift represents an increase or decrease in demand. When the demand curve shifts to the right, it implies that there is an increase in demand for the commodity, and the quantity demanded will be higher at every price level. Conversely, when the demand curve shifts to the left, it implies a decrease in demand for the commodity, and the quantity demanded will be lower at every price level. Therefore, the correct answer is "a rise in the demand for the commodity."

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